A long-dormant cryptocurrency wallet, identified by the address prefix 0xa145Bd8C9E, has executed a significant transfer of Shiba Inu (SHIB) tokens to the Bitget exchange. Within a few hours, the whale moved a total of more than 349 billion SHIB to Bitget-linked addresses.
The largest single transaction involved 203.53 billion SHIB, valued at approximately $1.2 million at the time of transfer. This was preceded by an earlier transfer of 71.27 billion SHIB (worth ~$421,000) and followed by two smaller transfers of 37.58 billion and 37.13 billion SHIB. Combined, these outflows represent a reduction of nearly 30% of the wallet's on-chain SHIB balance.
Despite the massive outflow, the whale retains a substantial position, holding 371.04 billion SHIB worth about $2.19 million. This is part of a larger portfolio valued at $8.44 million, where SHIB is the second-largest holding. The wallet's largest investment is in PEPE, with 1.31 trillion tokens valued at roughly $5.13 million, indicating the holder is a multi-asset meme coin investor.
Historical blockchain data reveals the wallet accumulated its SHIB over a year ago through multiple transactions linked to Binance, including deposits ranging from 1 billion to 2.14 billion SHIB and interactions with Binance hot wallets. The recent move to deposit such a large quantity onto Bitget—a shift from long-term, self-custodied storage to an active exchange—is widely interpreted by analysts as a precursor to trading activity, potentially for spot selling or use as collateral in derivatives markets.
At SHIB's current price near $0.0000059, the 203 billion SHIB transferred represents significant spot liquidity for a single venue. While not large enough to move the broader SHIB market given its overall daily volume, it could influence short-term price action on Bitget if sold aggressively. The whale's intent remains the key variable, as such large inflows from dormant addresses often precede partial liquidations.
