Dogecoin News Today: Shiba Inu Whale Transfers 3 Trillion SHIB to Cold Storage Amid Expansion Plans

A major whale activity has been recorded in the Shiba Inu (SHIB) ecosystem, with a massive 3 trillion SHIB tokens—valued at approximately $38 million—transferred from Coinbase Institutional to a self-custody wallet on August 15, 2025 [3]. This move reflects growing confidence in the long-term prospects of SHIB, as large holders appear to be securing their holdings in cold storage amid broader strategic developments.

The Shiba Inu community is currently undergoing a multi-chain expansion phase, as outlined by project developers. The roadmap includes the token's planned expansion onto Base and other layer-2 networks, aiming to increase scalability and user adoption [1]. The whale’s transfer coincided with these developments, suggesting that institutional or high-net-worth investors are aligning with the project’s strategic direction.

This event is not an isolated one. On August 17, 2025, reports indicated that both Dogecoin and Shiba Inu whales were actively accumulating billions or trillions of their respective coins, signaling broader confidence in the meme-based cryptocurrency sector despite volatile price movements [2]. These accumulations were interpreted as signs of long-term conviction, particularly as the market has seen recent rebounds in some of the top meme tokens.

The SHIB price has remained relatively stable around $0.00001278, with recent on-chain activity reinforcing a bullish sentiment. Exchange reserves have decreased slightly, and fewer tokens are available for selling, which is typically a positive sign for price consolidation or an upward move. Analysts have noted that whale behavior often precedes major price shifts, and this transaction may be an early indicator of further market activity [6].

While SHIB is showing resilience, the broader cryptocurrency market has remained mixed. According to the CoinDesk Memecoin Index, the sector faced a 3% decline over the same period [5]. However, SHIB's unique positioning—supported by active developer work and whale movements—suggests it may diverge from general market trends.

It is worth noting that this whale activity occurred against a backdrop of continued interest in alternative investment strategies within the crypto space. While SHIB remains a focal point, traders are also debating other small-cap assets with potential for exponential growth [4]. Still, the movement of such a large SHIB amount remains one of the most notable macroeconomic signals in the short-to-mid-term.

The overall SHIB market cap currently stands at $8.15 billion, with a 36.23% increase in trading volume to $335.42 million [7]. These metrics suggest that the token is gaining traction among traders and investors, especially with the recent expansion plans.

Source:

[1] title: Whale Moves 3 Trillion SHIB From Coinbase as Shiba Inu Eyes Base, Solana Expansion

url: https://coingape.com/doggy-dao-unveils-voting-strategies-for-shiba-inu-expansion/

[2] title: Layer Brett Gains Momentum as Dogecoin and Shiba Inu ...

url: https://www.ainvest.com/news/dogecoin-news-today-layer-brett-gains-momentum-dogecoin-shiba-inu-whales-accumulate-2508/

[3] title: Markets Today: Crypto Declines as U.S. Index Futures Hold ...

url: https://www.coindesk.com/markets/2025/08/18/markets-today-crypto-declines-as-u-s-index-futures-hold-steady

[4] title: Which Small-Cap Could Still Deliver 10x? Traders Debate ...

url: https://cryptodnes.bg/en/which-small-cap-could-still-deliver-10x-traders-debate-shib-pepe-and-unilabs-presale-momentum/

[5] title: Which Small-Cap Could Still Deliver 10x? Traders Debate ...

[6] title: Which Small-Cap Could Still Deliver 10x? Traders Debate ...

[7] title: Crypto Market Update: Cardano and Shiba Inu Show ...

url: https://www.tribuneindia.com/partner-exclusives/crypto-market-update-cardano-and-shiba-inu-show-activity-amid-growing-interest-in-remittix-ico/