A large-scale Shiba Inu investor withdrew 400 billion SHIB tokens from the Gnosis Safe Proxy smart contract after a nearly month-long lull. According to on-chain data, the transfer quickly turned address 0xf9905…f64f5, which previously held only very low third-party token balances, into an active wallet holding $1.89 million worth of SHIB.
The structure of the transfer attracted attention
This transaction marked a significant change in the custody pattern of assets. Because the tokens were taken from a corporate custody infrastructure that works with a multi-certification structure and moved to a new external wallet. In the crypto market, such transitions are not usually seen among ordinary movements made for passive waiting purposes.
Mini dictionary: Gnosis Safe is a multi-signature wallet infrastructure that allows transactions with the approval of more than one signatory. OTC, on the other hand, refers to the execution of large amounts of trades directly between parties outside the open exchange order book.
Moving tokens from a secure structure that requires multiple confirmations to a new address controlled with a single key is not generally considered an ordinary storage choice in the on-chain market.
On-chain history shows that the same investor moves cyclically at this address. Similar SHIB accumulations were recorded one and two months ago, and each time these movements were followed by a period of silence of approximately 30 days.
Timing and wallet structure came to the fore
At the time of the transfer, SHIB price was trading at $0.00000472. While the increase during the day remained limited, it was noteworthy that the transaction coincided with the price consolidation period. The current structure of the wallet also indicates a segregated position for a specific market purpose.
According to the data, SHIB accounts for 99.4% of the portfolio value. The wallet also contains $52 worth of SKYA and $5.70 BASED along with 9.99 ETH worth $16,600. These small items are considered to be for technical purposes or remaining balances from previous settlements.
| Presence | Amount | estimated value |
|---|---|---|
| SHIB | 400 billion | $1.89 million |
| ETH | 9.99 | $16,600 |
| SKYA | Not specified | 52 dollars |
| BASED | Not specified | $5.70 |
Since there is no record in the Arkham data that the tokens were sent to the hot wallets of central exchanges such as Binance or Coinbase, there does not appear to be a direct selling pressure on the order books at this stage.
The fact that the tokens have not yet been directed to the central exchange wallets indicates that there is no instant selling pressure in the market. Therefore, the current spread is interpreted as either preparation for a private off-exchange transaction or an effort to build support by a major player gathering liquidity in the current price zone.
