Coinbase recorded a massive withdrawal of 1.16 trillion SHIB tokens worth approximately $4.95 million. Two transactions of 348 billion and 242 billion SHIB were sent directly from Coinbase Prime Custody addresses serving large corporate clients, while 573 billion SHIB originated from an unidentified wallet. The entire transfer deliberately bypassed spot market order books, enabling the movement of this enormous volume without causing price fluctuations. The token is currently trading near the psychological support level of $0.00000400 with a weekly RSI between 33 and 35, indicating the asset is deeply oversold.
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