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361B Shiba Inu tokens moved to a whale wallet, but price remains weak near key support.

Market News
11 Sep 2026
Coinpaper
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Bearish
361B Shiba Inu tokens moved to a whale wallet, but price remains weak near key support.

On September 10, about 361 billion Shiba Inu (SHIB) tokens were transferred from South Korea's Coinone exchange to a single large wallet holding $23.53 million in crypto assets. Despite this massive movement suggesting possible accumulation or custody changes, SHIB's price dropped about 2% to $0.00000503, staying near a critical support level. Additionally, net outflows from exchanges indicate reduced sell-side supply, but buyers have yet to push prices higher, signaling weak market demand despite lower exchange reserves.

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