31.6 million dollars Shiba Inu (SHIB) was sent to Coinbase

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According to the announcement from Whale Alert via X, 2,542,712,471,794 Shiba Inu (SHIB) has been transferred from an unknown wallet to Coinbase Institutional, worth approximately 31,651,684 USD. The transfer of a large amount of SHIB indicates the involvement of large investors and institutions, which could lead to increased demand from whales. If more investors buy SHIB, the price could rise, especially if market conditions are positive.

Some investors may learn more about Shiba Inu if they believe it will be useful for their investment portfolio in the future. Coinbase's involvement could enhance the coin's credibility. Monitoring market reactions in the coming days may provide valuable lessons about supply, bridge, and the impact of large transactions, although risks still exist.

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