Coinone Hot Wallet Sheds 361 Billion Shiba Inu Tokens in Whale Withdrawal

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2▲0 ▼0Impact / 5
Summary · why it matters

Blockchain analytics platform Arkham Intelligence detected a major withdrawal of Shiba Inu tokens from the hot wallet of South Korean exchange Coinone earlier this morning. A total of 355.27 billion tokens, worth $1.87 million, was transferred to address 0x687c...459e. Two additional smaller transactions involving 4.29 billion and 1.5 billion tokens brought the wallet's total accumulation to 361 billion SHIB.

Impact on assets 1

Others▲ · 1 stocks
Shiba Inu
SHIB-USD
± Mixedrelevance

Large SHIB withdrawal from Coinone hot wallet is a whale transfer with no stated cause or clear directional implication for SHIB price.

Off-coverage companies 2

CoinonePrivate± Mixed
relevance

Coinone's hot wallet shed 361B SHIB in a whale withdrawal, but the article gives no stated cause or clear impact on the exchange.

Arkham IntelligencePrivate± Mixed
relevance

Arkham Intelligence is only credited with detecting the withdrawal, not affected by it.

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