A Coinbase user known for making large Shiba Inu (SHIB) transfers has resurfaced after a year of inactivity.
The address, identified as 0x1b1…bb27D, recently transferred tens of billions of tokens in a single transaction. According to Arkham Intelligence, the wallet withdrew 53.59 billion SHIB tokens from Coinbase on December 15, 2025.
This marks the wallet’s first recorded activity since December 16, 2024, precisely a year apart. At the time of the transfer, the 53.59 billion SHIB tokens were worth approximately $418,550.
Withdrawals from exchanges can indicate a move to long-term self-custody or preparation for over-the-counter transactions.
How the Tokens Could be Managed
Notably, the wallet’s activity offers clues about how the withdrawn funds might be managed. For context, this wallet first withdrew SHIB from Coinbase in 2022, moving roughly 52 billion tokens. On December 16, 2024, it returned the entire 52 billion SHIB to Coinbase through two separate transactions.
After a full year of dormancy, the wallet became active again on December 15, 2025, transferring 53.59 billion SHIB in a single transaction. Currently, the 53 billion SHIB tokens remain in the wallet, with SHIB holding the largest dollar position in the portfolio.
The wallet’s remaining holdings, including ETH and BASED, are worth below $100, highlighting the dominance of SHIB in this account.
Growing Whale Activity
The transaction comes amid a surge in whale activity involving Shiba Inu. Earlier this month, a mysterious whale moved approximately 169 billion SHIB tokens from Coinbase into a newly created blockchain wallet.
By December 10, roughly 8 trillion SHIB tokens had been withdrawn from exchanges, including a single whale transferring 2.2 trillion tokens from Coinbase across six transactions.
While whales have been actively withdrawing SHIB from exchanges, reports show that some are simultaneously moving substantial amounts onto centralized trading platforms.
Notably, Santiment recently suggested that on December 9, approximately 406 whale transactions added 1.06 trillion SHIB to Shiba Inu’s exchange reserves.
Currently, Shiba Inu is trading at $0.000007741, marking a 72% decline over the past year, a 14.3% drop in the past month, and a 0.98% decrease over the last 24 hours.
