Whale activity on Coinbase hints at a potential price breakout for Shiba Inu. Is SHIB ready for its next move?
Shiba Inu on Coinbase: Price Breakout Brewing?
Shiba Inu (SHIB) is back in the spotlight! Whale wallets linked to Coinbase are shuffling billions of tokens, sparking rumors of a potential price breakout. Is SHIB gearing up for a moonshot?
Whale Watching: Coinbase Edition
Over the past few weeks, significant SHIB movements have been observed on Coinbase. One address, active since late August, gradually emptied, sending out over $2.3 million worth of SHIB until its balance reached near zero. Simultaneously, another Coinbase-linked wallet has been accumulating tokens, now holding over $2.46 million worth.
Specifically, just four days ago, this wallet added 67.3 billion SHIB (worth $817,000), followed by 35.8 billion SHIB ($444,820), and then a whopping 84.9 billion tokens ($1.1 million) in a single transaction.
Breakout on the Horizon?
SHIB's price is testing levels not seen since mid-August, hovering near $0.000013. Increasing trading volumes suggest a possible breakout attempt. The timing of these whale reallocations further fuels speculation that a significant price move could be imminent.
Beyond Shiba Inu: The Meme Coin Landscape
While SHIB captures attention, other meme coins like BullZilla, Cat in a Dog’s World (MEW), and Peanut the Squirrel (PNUT) are also vying for the spotlight. These projects are trying to replicate Shiba Inu's success, each with unique tokenomics and community strategies. Whether they can sustain the initial hype remains to be seen.
XRP and Coinbase: A Different Story
Interestingly, while SHIB activity is heating up, Coinbase's XRP holdings have significantly declined, dropping them out of the top ten global exchanges. This comes amidst speculation about market manipulation. It's a reminder that the crypto landscape is constantly shifting, with winners and losers emerging rapidly.
Dogecoin's Potential Rally
Even Dogecoin, the original meme coin, is showing signs of life. Whale accumulation and technical patterns suggest a potential rally. On September 7, 2025, a dormant whale wallet transferred a substantial amount of DOGE from Binance, signaling a possible bullish trend.
The Bottom Line
The meme coin market is always wild, right? But it looks like Shiba Inu might just be about to pull a fast one on the market. Whether SHIB can maintain momentum and deliver on the hype remains to be seen. But one thing is certain: crypto never sleeps. Keep those eyes peeled and maybe we'll all get lucky!
