3 Mysterious Crypto Wallets Send $65.44M SHIB To Coinbase Associated Wallet

Data from Etherscan.io revealed that three mystery wallets transferred a staggering 6.08 trillion (6.08T) SHIB, worth $65,445,484 ($65.44 million) to a linked wallet at Coinbase labeled “Coinbase 10”.

This has sparked speculation within the Shiba Inu (SHIB) community about a possible listing of the meme token on the popular crypto exchange.

Shiba Inu (SHIB) is a token that aspires to be an Ethereum-based alternative to Dogecoin (DOGE), the popular memecoin.

Unlike Bitcoin, which is designed to be scarce, SHIB is intentionally plentiful – with a total supply of one quadrillion. The Shiba Inu ecosystem also supports projects such as an NFT art incubator and a decentralized exchange called Shibaswap.

Transferring such a large amount of SHIB tokens to a Coinbase wallet could indicate that the exchange is preparing to list the token on its platform, exposing it to millions of potential buyers and increasing its liquidity and adoption. However, Coinbase or Shiba Inu have no official confirmation of this possibility.

Coinbase recently expanded its list of supported cryptocurrencies, adding over 100 new assets in 2021 alone.

The exchange has also expressed interest in listing coins like Dogecoin, which it added in June 2021. SHIB may be the next coin to join Coinbase’s list, given its popularity and market capitalization. stock market.

SHIB is currently ranked #11 among all cryptocurrencies by market cap, with a value of $0.00001073 per token and a total market cap of $6.3 billion.

The token has seen a remarkable increase since its launch in August 2020, reaching an all-time high of $0.000084 in October 2021. This represented a 150,000,000% increase from its initial price of 0.000000000056.

The SHIB community eagerly awaits any news or announcements from Coinbase or Shiba Inu regarding the token’s potential listing. If confirmed, it could further boost SHIB’s price and popularity and cement its position as one of the leading meme coins in the crypto space.