18-8-2025 – A Shiba Inu whale moved 3 trillion SHIB tokens, valued at approximately $38 million, from Coinbase Institutional to a self-custody wallet, first reported by Whale Alert. The transfer, executed on August 15, 2025, signals potential long-term holding by a major investor, as the wallet had no prior transactions. At $0.00001299 per token, this move reflects confidence in SHIB’s future amid a volatile crypto market.
The transaction coincides with Shiba Inu’s ambitious roadmap to expand beyond its Ethereum roots to Base and Solana networks. Developers, led by Shib Dev Kaal Dhairya, plan to use Chainlink’s CCIP framework to ensure secure cross-chain transfers while maintaining token scarcity through burns. A 1,985% surge in SHIB’s burn rate, removing 4.7 million tokens in a day, further supports the project’s deflationary strategy.
These upgrades, including a revamped developer hub and upcoming decentralized exchange, aim to boost adoption and liquidity. The whale’s move to a self-custody wallet suggests strategic positioning rather than short-term trading, aligning with SHIB’s ecosystem growth.
