Massive Shiba Inu Transfer Leaves Coinbase: What Does It Mean?

A significant transfer of 121.96 billion SHIB tokens has recently left Coinbase, with the funds landing in an unknown address with no past transactions recorded. This move represents a complete shift of assets from a centralized exchange to an external, unidentified address. While there’s no immediate indication of its purpose, this large-scale transfer typically signals a long-term holding strategy rather than immediate selling.