Enormous transfer of Shib tokens: A Singapore-based entity received a staggering 258,545,909,814 SHIB tokens in a single transaction.
A large Shiba Inu (SHIB) wallet, connected to the Singapore-based crypto exchange Coinhako and Binance, has been causing a stir in the cryptocurrency community due to its recent significant transactions. The identity of the wallet's owner remains a mystery, with two possible candidates: a high-net-worth whale based in Singapore or Coinhako itself managing its internal funds.
On the 1st of this month, a major transfer of 258.5 billion SHIB, worth approximately $3.56 million, was sent from Coinhako's hot wallet to an external address "0x25E." This address now holds over $4 million in SHIB, as well as other altcoins such as PEPE, GALA, and the Singapore dollar-pegged stablecoin XSGD. The wallet has also been sending SHIB to Binance in smaller batches over the past 72 hours.
This $3.5 million deposit is the biggest single transaction the wallet has received so far, surpassing the $3.5 million deposit that Coinhako made internally. The size, timing, and method of the transfer suggest that this is not a casual user but a more organized actor – either a sophisticated whale or Coinhako managing cold wallet rotations.
Coinhako is a licensed crypto exchange based in Singapore and serving much of Southeast Asia. The wallet linked to the SHIB transfer has not been previously reported to hold GALA, PEPE, or XSGD, indicating that the owner may not be Coinhako itself. However, the actual identity behind this wallet remains unknown at this time.
The wallet linked to the SHIB transfer has been involved in previous SHIB inflows and outflows, making it a key address to watch for more big-time investors or exchange activity. In fact, this wallet's portfolio now exceeds $4.76 million, making it one of the biggest to watch for large-scale Shiba Inu positioning in Asia.
It is important to note that the wallet has seen a mix of deposits and withdrawals recently, suggesting that there may be ongoing activity related to the wallet. The destination wallet linked to the SHIB transfer has been involved in these transactions, but it has not been reported to have been sending SHIB to Binance in smaller batches over the past 72 hours.
As the cryptocurrency market continues to evolve, the identity of the owner of this large SHIB wallet remains a topic of interest and speculation. Whether it is a high-net-worth whale using Coinhako as a platform or Coinhako itself managing its internal funds, the wallet's transactions have made it one of the most significant in the Shiba Inu community in Asia.
[1] Source: Coinhako transaction history [2] Source: Binance transaction history
- The on-chain data reveals that a large Shiba Inu (SHIB) wallet, connected to both Coinhako and Binance, recently performed a significant transaction worth approximately $3.56 million in SHIB.
- This wallet also holds other altcoins such as PEPE, GALA, and the Singapore dollar-pegged stablecoin XSGD, suggesting a diverse investment portfolio.
- The size, timing, and method of the transfer indicate a more organized actor, possibly a whale or Coinhako managing cold wallet rotations.
- The wallet's involvement in previous SHIB inflows and outflows makes it a key address to monitor for big-time investors or exchange activity in the crypto finance sector.
- The wallet's portfolio ($4.76 million) now ranks among the largest in Asia for large-scale Shiba Inu positioning, as per technology-driven business analysis.
- binance transaction history and Coinhako transaction history both show a mix of deposits and withdrawals, suggesting ongoing activity related to the wallet, with smaller batches of SHIB being sent to Binance.
