A whale named “Shiba Inu” has withdrawn 169.13 billion SHIB tokens from Coinbase. As of press time, this transaction is valued at approximately $1.49 million. The accumulation of these Shiba Inu tokens was completed through six separate transfers over 17 hours, sparking speculation about whether Shiba Inu's current price hovering around $0.0000088 is forming a “meme coin” rally. Also read: Shiba Inu Rebound Stalled: Sellers Hold Firm, Funds Still Flowing Out. The “Shiba Inu” whale transferred 169 billion SHIB, driving the price up and fueling the “meme coin” trend. Source: Getty Images. Controlled “sweeping” from Coinbase. This “Shiba Inu” whale actually executed a “controlled sweep,” with transfer amounts soaring, including six transactions on the same Coinbase hot wallet, with amounts reaching as high as 11 billion to 81 billion SHIB. Arkham noted that these transfers are continuously arriving through a narrow channel, indicating that this is not random buying but purposeful. Source: Arkham. Notably, the trend of this crypto whale’s activity is very straightforward, without the routing or splitting operations often seen when large holders try to stay low profile. Since receiving the tokens, this address has not transferred any data, so it is not an exchange wallet or internal shuffle. It is an individual positioning. Accumulation during sideways price consolidation. The timing of this whale’s action is interesting because SHIB’s price has been hovering around $0.0000088, a level where the market has been repeatedly retreating, and the chart shows no signs of naturally attracting such demand. However, whales tend to prefer operating in such conditions because they can absorb large amounts of funds without leaving obvious traces or pushing prices higher. Shiba Inu has been consolidating in this range for some time, and overall meme coin market sentiment remains weak. The Shiba Inu whale seems to be taking advantage of this sideways market environment, quietly absorbing liquidity and securing better prices than during active market periods. Outlook for a rally: The next move largely depends on whether this whale’s accumulation will continue or if it was a one-time event. If new funds from Coinbase keep flowing in and this whale’s activity persists, traders might interpret it as preparing for a potential price increase, aiming to break through the upper range, around $0.0000117. Some market participants are already watching whether other large holders will follow this pattern. However, if this accumulation stops here, traders may see it as a standalone accumulation event rather than the start of a broader “meme coin” rally. Since completing the initial sweep, the Shiba Inu whale has not taken any further action, so it remains unclear whether this signals an imminent breakout or is simply opportunistic buying at current levels. Also read: How much is Shiba Inu worth at $0.001, $0.01, $0.1, and $1? The wallet’s activity in the coming days will be crucial in determining whether this indicates the start of a larger trend. Such actions by crypto whales are often early indicators, though they do not guarantee any specific outcome. Currently, 169.13 billion SHIB tokens remain stored in this wallet, and traders are closely monitoring this address and Coinbase to see if this pattern continues. 1000031354