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Coin Edition 2025-06-05 18:30:00

Shiba Inu Transfer That Spooked Market Was Wintermute Custody Shift, Not Whale Dump: Report

Shiba Inu Transfer That Spooked Market Was Wintermute Custody Shift, Not Whale Dump: Report

A recent whale alert triggered a 2.34% decline in SHIB’s price. SHIB’s recent selloff was out of unverified rumors. Wintermute was behind the SHIB transaction, and it was not for a selloff A cryptocurrency platform has researched the recent Shiba Inu (SHIB) transaction spotted by Whale Alert that triggered panic among the memecoin’s holders, leading to a 2.34% decline in SHIB’s price within 24 hours. The crypto platform discovered that the transaction actually involved a change of custody, not a sell-off suspected by many SHIB users, which triggered a panic sell. Unknown Wallet Moves 2,869,483,918,550 #ShibaInu Worth $36M to Coinbase: Here’s What Really Happened. pic.twitter.com/OLs7OsvXEA — TheCryptoBasic (@thecryptobasic) June 5, 2025 Wintermute Identified as Mover of 2.89T SHIB, $43.5M ETH to Coinbase Prime After researching the transaction, the crypto firm identified Wintermute, a leading algorithmic trading firm, as the originator of these large transfers. Wintermute moved funds, including SHIB and ETH, from BitGo, a digital assets custody and liquidity firm, to Coinbase Prime, the institutional investor arm of the leading US exchang… The post Shiba Inu Transfer That Spooked Market Was Wintermute Custody Shift, Not Whale Dump: Report appeared first on Coin Edition .

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