In recent blockchain data observations of 0xScopescan, a notable transaction involving the Shiba Inu token ($SHIB) has caught the attention of the crypto community. An account, which had remained dormant for two years, received a massive 841 billion $SHIB, equivalent to $8.8 million, from Coinbase over the past three days.
The address in question, identified as 0xc6f400060d98e714992917d7ccfeeb71949e000b, is particularly intriguing to on-chain analysts and enthusiasts. Not only does this account exclusively hold $SHIB, but its previous transaction with the token was recorded two years ago. What makes this even more noteworthy is the timing: merely a week after its last $SHIB transaction, the price of the token experienced a significant surge.
While some speculate that the address might belong to a Coinbase cold wallet, others believe it could be an unknown whale making a strategic move. The exact identity and intentions behind…
