New Wallet Withdraws 5,000,000,000,000 Shiba Inu F

In a remarkable development, an unknown crypto investor withdrew 5 trillion Shiba Inu (SHIB) tokens from Coinbase Institutional in a single transaction. 

Whale Alert called the public’s attention to the transaction, which occurred on July 23, 2025, at 7:24 p.m. (UTC). According to Whale Alert, the dollar value of the 5 trillion Shiba Inu tokens was around $69.98 million. 

Transaction Details 

On-chain data showed that the funds were transferred from Coinbase Institutional, indicating that the address is associated with the institutional arm of the San Francisco-based exchange. It is worth noting that Coinbase Institutional is a platform where large, vetted clients trade and custody crypto assets, such as Shiba Inu.