{"id":83389,"date":"2025-07-24T10:04:07","date_gmt":"2025-07-24T10:04:07","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=83389"},"modified":"2025-07-24T10:04:07","modified_gmt":"2025-07-24T10:04:07","slug":"shiba-inu-tanks-10-as-70m-in-shib-leaves-coinbase-wallet-whats-next","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=83389","title":{"rendered":"Shiba Inu Tanks 10% as $70M in SHIB Leaves Coinbase Wallet, What\u2019s Next?"},"content":{"rendered":"

TL;DR<\/p>\n

SHIB fell by double digits amid the market-wide correction today, while a whale moved 5 trillion tokens from Coinbase to an unknown wallet.<\/span>
\nKey support at $0.00001328 is holding, but traders eye $0.00001200 if it breaks.<\/span>
\nSOPR suggests holders are exiting near breakeven, not panic-selling, as the market resets.<\/span>
\nOctober gains average 213% since 2021, setting the stage for a seasonal recovery pattern.<\/span><\/p>\n

SHIB Sells Off After Large Transfer From Coinbase<\/h2>\n

Shiba Inu\u2019s price fell 13% in the last 24 hours from top to bottom, trading at $0.00001312. Daily volume hit $522 million during the move. The drop followed the transfer of 5 trillion SHIB (worth about $70 million) from Coinbase Institutional to an unknown wallet, as reported by Whale Alert.<\/span><\/p>\n

5,000,000,000,000 #SHIB<\/a> (69,980,000 USD) transferred from Coinbase Institutional to unknown wallethttps:\/\/t.co\/hYT8lOy4wD<\/a><\/p>\n

\u2014 Whale Alert (@whale_alert) July 23, 2025<\/a><\/p>\n\n

Meanwhile, the transaction came as the broader crypto market pulled back. SHIB\u2019s decline, while sharp, was less severe than <\/span>Dogecoin\u2019s<\/span>. The OG meme coin\u2019s price had recently climbed earlier in July, showing a monthly gain of 25% before this correction.<\/span><\/p>\n

Key Levels Under Pressure<\/h2>\n

SHIB is now sitting just above the $0.00001328 support zone. Traders are watching this level closely. If it fails, the next area of interest sits near $0.00001200. Resistance remains at $0.00001417 and $0.00001558.<\/span><\/p>\n

Analyst SHIB KNIGHT <\/span>noted<\/span><\/a> that the price was rejected at $0.00001558 and quickly dropped back. To shift the short-term trend, SHIB would need to reclaim and close above that resistance level. Until then, movement is likely to stay limited within the current range.<\/span><\/p>\n

SOPR Points to Cautious Market<\/h2>\n

The Spent Output Profit Ratio (SOPR) on July 22 was 1.0031. It indicates that most addresses that transferred SHIB that day did so at a profit break or marginal profit. When SOPR sits just above 1.0 during a recovery phase, it typically shows holders are not rushing to sell at a loss.<\/span><\/p>\n

<\/a>Source: Glassnode<\/a><\/p>\n

Earlier in the year, SOPR stayed below 1.0 for weeks, showing ongoing loss-taking. The recent upward thrust above breakeven levels is an indication that selling pressure is abating. The existing data does not reveal any significant patterns of exit.<\/span><\/p>\n

SHIB<\/span><\/a> has posted positive October returns every year since 2021. Data from CryptoRank <\/span>shows<\/span><\/a> an average gain of over 213% during that month. With the current pullback in play, some traders are looking ahead to that seasonal trend as a potential setup later this year.<\/span><\/p>\n

<\/a>Source: CryptoRank<\/p>\n

The post Shiba Inu Tanks 10% as $70M in SHIB Leaves Coinbase Wallet, What\u2019s Next?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR SHIB fell by double digits amid the market-wide correction today, while a whale moved 5 trillion tokens from Coinbase to an unknown wallet. Key support at $0.00001328 is holding, but traders eye $0.00001200 if it breaks. SOPR suggests holders are exiting near breakeven, not panic-selling, as the market resets. October gains average 213% since […]<\/p>\n","protected":false},"author":0,"featured_media":83390,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-83389","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/83389"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=83389"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/83389\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/83390"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=83389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=83389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=83389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}