A fresh wave of on-chain activity shows billions of Shiba Inu (SHIB) tokens shifting hands through a major market maker. This large-scale transfer points to behind-the-scenes moves that could redefine how SHIB is positioned in the market, underscoring the meme coin’s continued presence among high-volume players.
Wintermute Moves Billions Of SHIB To Exchange
Shiba Inu (SHIB) is making headlines once again after major institutional activity was recorded on-chain. According to Arkham Intelligence, Wintermute, a leading global market maker, transferred 11.375 billion SHIB, worth approximately $139,460, to Coinbase on August 31. The move was made from the market maker’s wallet, which currently holds $608.2 million in crypto assets. After its recent transfer, its Shiba Inu position now stands at 37.89 billion tokens, valued at $465,740.
What makes this large-scale token transfer significant is Shiba Inu’s price reaction afterwards—or lack thereof. Despite Wintermute’s 11.3 billion SHIB move, the meme coin remained relatively stable, showing a new level of steadiness for an asset known for its sharp price swings and volatility. This strength indicates that the market is now capable of handling high-volume movements without triggering panic or abrupt sell-offs among retail investors.
Notably, this is not the first time Wintermute has initiated such a large volume transfer. Records show that on June 7, 2025, the market maker transferred 2.87 trillion SHIB, valued at $36.6 million, from BitGo to Coinbase Prime. At the time, the transaction raised concerns of a possible dump, but it was clarified as a liquidity management operation aimed at redistributing tokens across multiple trading venues.
By maintaining steady liquidity across exchanges, Wintermute helps limit price slippage and enhance market efficiency. While this may discourage short-term speculators, it increases Shiba Inu’s appeal to institutional investors. The recent large-scale transfers also suggest that SHIB’s market may be shifting toward greater stability, with liquidity management taking priority over hype-driven surges.
Although the meme coin has declined by more than 3% over the last week, according to CoinMarketCap, its ecosystem is evolving into a seemingly institutional-grade structure, laying the groundwork for longer-term sustainability.
Shiba Inu Set For 17X Price Surge
Market expert CryptoElites recently highlighted a bullish technical setup that could drive the Shiba Inu price toward a massive rally. According to his chart analysis released on X social media, SHIB has been consolidating for months, forming a symmetrical triangle pattern within tightening price action.
The chart indicates that if Shiba Inu can sustain support levels and break past the upper resistance line of the triangle, it could target a price of $0.00023, representing a potential 17x increase from current levels of around $0.000012. Notably, this ambitious forecast comes as the meme coin continues to show weak performance in recent months despite rising whale activity and an uptick in its burn rate.
Featured image from Adobe Stock, chart from Tradingview.com
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