Shiba Inu Whale Withdraws 293 Billion SHIB from Coinbase

Shiba Inu has managed to steal the spotlight yet again. Latest on-chain data has indicated that new wallets have acquired more than 18 billion tokens in the past two weeks. This surge in activity underscores the enduring popularity of the asset.

These intriguing findings have emerged from data provided by NerdBot, an analytical resource specializing in on-chain data. NerdBot’s latest discoveries reveal a consistent pattern of accumulation among newly established wallets, signaling a growing interest in Shiba Inu. According to this data, the trend of accumulation began around Sept. 20. However, between this date and Sept. 24, the rate of accumulation remained relatively modest, with daily cumulative purchases consistently falling below 500 million SHIB.
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