Today, Jan. 21, a massive Shiba Inu whale made one of the largest retail transfers in weeks, unloading 210.36 billion SHIB worth around $1.63 million to a hot wallet of the biggest U.S. brokerage, Robinhood, as visible on Arkham.
Long story short, this transaction alone emptied 97% of the address’s total holdings in the meme coin, leaving those who saw it guessing — is this an entry or an exit?
Source: ArkhamFollowing the transfer, the sender address “0x2d00…7bB,” still holds 5.93 billion SHIB, but this is a shadow of its original holdings. Another important detail is that within the hour, another outbound transfer occurred: 352,961 WLFI, worth $56,980, were sent to the same Robinhood waller.
Thus, in total, over $1.68 million in assets exited the wallet in 60 minutes.
Third angle for Shiba Inu coin
The price action of SHIB around the event suggests a third angle. The coin plummeted below $0.0000075 on Jan. 19 after a brutal sell-off over the course of an hour, with partial recovery seen only 36 hours later.
If the transfer was a front-run or post-drop sell, it would explain the timed bounce. The coin is now at $0.00000787, barely clinging to short-term support.
The wallet’s original SHIB holdings were worth over $2.2 million before the drop, meaning the whale may have realized a loss of about $600,000 or more depending on the cost basis. Unless this was a cold-to-hot migration, which is unlikely with WLFI included, the address has made a decisive move out of SHIB.
Source: https://u.today/210364821857-shib-shiba-inu-billionaire-deposits-97-of-meme-coin-bag-to-robinhood
