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Major SHIB whale activity has intensified after a large holder cut their position by 66%, depositing roughly 240 billion tokens to Coinbase this morning. The move comes amid an ideological dispute in the Shiba Inu ecosystem following comments from Shytoshi Kusama about a “global spiritual shift,” which he said is not tied to SHIB’s market price.
The discussion began after Kusama published remarks about the “arrival of the next appointed time.” Community members initially interpreted the post as a potential signal for a SHIB price rally. Kusama later clarified that the message was not related to SHIB pricing, describing it instead as a philosophical or religious concept and stating that his priorities no longer lie in the token’s market capitalization.
In response, a large SHIB holder that had been inactive for more than three months executed a major sell-off, transferring more than 241 billion SHIB—valued at about $1.46 million—to Coinbase, according to Arkham.
The wallet is not fully liquidated. It still holds nearly 125 billion SHIB, worth approximately $750,000. However, the holder’s initial position of 366 billion SHIB has been reduced by more than 66%, aligning with the timing of Kusama’s distancing from token-price narratives.
With SHIB’s price narrative closely tied to hype and expectations around ecosystem development, the shift in messaging appears to have unsettled holders. The market reacted quickly to the change in tone, while liquidity providers and large holders sent tokens to Coinbase.
The article characterizes the current setup as a price-risk scenario: project leadership moving into unclear philosophical territory while larger capital appears to be repositioning toward fiat. If the rhetoric continues to replace a development roadmap, the outflow of large capital could intensify, followed by smaller holders.
In brief\n\nBitcoin dropped to about $93,000, falling back below the EMA50 and putting its recent golden cross at risk of invalidation. The global crypto market cap stands at $3.15 trillion, down 2.38% in 24 hours. On Myriad Markets, 82% of the money is betting on Bitcoin pumping to $100K before…
