{"id":38542,"date":"2025-07-24T10:16:43","date_gmt":"2025-07-24T10:16:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38542"},"modified":"2025-07-24T10:16:43","modified_gmt":"2025-07-24T10:16:43","slug":"shiba-inu-tanks-10-as-70m-in-shib-leaves-coinbase-wallet-whats-next","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38542","title":{"rendered":"Shiba Inu Tanks 10% as $70M in SHIB Leaves Coinbase Wallet, What\u2019s Next?"},"content":{"rendered":"<div>\n<p><b>TL;DR<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">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><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Key support at $0.00001328 is holding, but traders eye $0.00001200 if it breaks.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">SOPR suggests holders are exiting near breakeven, not panic-selling, as the market resets.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">October gains average 213% since 2021, setting the stage for a seasonal recovery pattern.<\/span><\/li>\n<\/ul>\n<h2><b>SHIB Sells Off After Large Transfer From Coinbase<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">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<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">5,000,000,000,000 <a href=\"https:\/\/twitter.com\/hashtag\/SHIB?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#SHIB<\/a> (69,980,000 USD) transferred from Coinbase Institutional to unknown wallet<a href=\"https:\/\/t.co\/hYT8lOy4wD\" data-wpel-link=\"external\" target=\"_blank\">https:\/\/t.co\/hYT8lOy4wD<\/a><\/p>\n<p>\u2014 Whale Alert (@whale_alert) <a href=\"https:\/\/twitter.com\/whale_alert\/status\/1948102336368247017?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">July 23, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, the transaction came as the broader crypto market pulled back. SHIB\u2019s decline, while sharp, was less severe than <\/span><span style=\"font-weight: 400;\">Dogecoin\u2019s<\/span><span style=\"font-weight: 400;\">. The OG meme coin\u2019s price had recently climbed earlier in July, showing a monthly gain of 25% before this correction.<\/span><\/p>\n<h2><b>Key Levels Under Pressure<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">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<p><span style=\"font-weight: 400;\">Analyst SHIB KNIGHT <\/span><a href=\"https:\/\/x.com\/army_shiba\/status\/1948263475907535087\" data-wpel-link=\"external\" target=\"_blank\"><span style=\"font-weight: 400;\">noted<\/span><\/a><span style=\"font-weight: 400;\"> 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<h2><b>SOPR Points to Cautious Market<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">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<figure id=\"attachment_405611\" aria-describedby=\"caption-attachment-405611\" style=\"width: 2712px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-23-at-2.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-405611\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-23-at-2.png\" alt=\"SHIB Spent Output Profit Ratio (SOPR)\" width=\"2712\" height=\"1226\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-23-at-2.png 2712w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-23-at-2-300x136.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-23-at-2-1024x463.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-23-at-2-768x347.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-23-at-2-1536x694.png 1536w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-23-at-2-2048x926.png 2048w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-23-at-2-50x23.png 50w\" sizes=\"auto, (max-width: 2712px) 100vw, 2712px\"><\/a><figcaption id=\"caption-attachment-405611\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/studio.glassnode.com\/charts\/indicators.Sopr?a=SHIB&amp;e=aggregated&amp;mScl=lin&amp;pScl=lin&amp;s=1721725816&amp;u=1753261816&amp;zoom=365\" data-wpel-link=\"external\" target=\"_blank\">Glassnode<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">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<p><a href=\"https:\/\/cryptopotato.com\/400-rally-predicted-for-shiba-inus-shib-analyst-explains-how\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">SHIB<\/span><\/a><span style=\"font-weight: 400;\"> has posted positive October returns every year since 2021. Data from CryptoRank <\/span><a href=\"https:\/\/cryptorank.io\/price\/shiba-inu\/analytics\" data-wpel-link=\"external\" target=\"_blank\"><span style=\"font-weight: 400;\">shows<\/span><\/a><span style=\"font-weight: 400;\"> 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<figure id=\"attachment_405612\" aria-describedby=\"caption-attachment-405612\" style=\"width: 2442px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-24-at-11.23.27.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-405612\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-24-at-11.23.27.png\" alt=\"SHIB historical data\" width=\"2442\" height=\"922\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-24-at-11.23.27.png 2442w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-24-at-11.23.27-300x113.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-24-at-11.23.27-1024x387.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-24-at-11.23.27-768x290.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-24-at-11.23.27-1536x580.png 1536w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-24-at-11.23.27-2048x773.png 2048w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-24-at-11.23.27-50x19.png 50w\" sizes=\"auto, (max-width: 2442px) 100vw, 2442px\"><\/a><figcaption id=\"caption-attachment-405612\" class=\"wp-caption-text\">Source: CryptoRank<\/figcaption><\/figure>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/shiba-inu-tanks-10-as-70m-in-shib-leaves-coinbase-wallet-whats-next\/\" rel=\"nofollow\">Shiba Inu Tanks 10% as $70M in SHIB Leaves Coinbase Wallet, What\u2019s Next?<\/a> appeared first on <a href=\"https:\/\/wordpress-433650-5559317.cloudwaysapps.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-38542","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38542"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38542\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}