An unidentified whale executed the largest Shiba Inu (SHIB) transaction of 2025, transferring 5 trillion SHIB tokens worth $70 million from Coinbase Institutional to a private wallet according to Whale Alert data. The transaction occurred amid a broader cryptocurrency market downturn that saw SHIB's price plummet 11% to $0.00001343 on Wednesday, followed by an additional 4% drop on Thursday.
Analysts interpret the off-exchange transfer as a strong indication of long-term holding intentions, since moving assets to private wallets typically signals reduced immediate selling pressure. This record transfer surpasses Coinbase Institutional's previous SHIB transactions in early June, which ranged between $31.6 million and $44 million.
Notably, SHIB has dramatically declined from its 2021 peak as a top-10 cryptocurrency by market capitalization, now falling outside the top 25 per CoinGecko rankings. The whale's substantial accumulation during a price collapse highlights significant institutional-grade activity in the memecoin sector.