441 Billion SHIB On the Move: Why Singapore’s Coinhako is Seeing Record Shiba Inu Volume

Shiba Inu (SHIB) Sees Massive 441B Token Movements on Coinhako as Singapore Hub Strengthens Role in SHIB Trading

Shiba Inu (SHIB) has captured significant attention following large-scale token movements on Coinhako, one of Singapore’s leading licensed cryptocurrency exchanges. Blockchain analytics platform Arkham reported that Coinhako redistributed more than 441 billion SHIB within a single day, underscoring heightened activity and growing demand for the meme token in the region.

Key Transfer Details

• 253.69 billion SHIB moved out of Coinhako’s hot wallet, valued at approximately $1.58 million at current prices.
• The exchange’s cold wallet still holds 187.66 billion SHIB, worth roughly $1.17 million.

These large wallet movements are typical during periods of elevated trading volume and often reflect exchanges adjusting internal balances to maintain liquidity, facilitate withdrawals, or support institutional and high-volume retail transactions. The scale of the transfers highlights Coinhako’s active role in handling SHIB demand across Asia.

SHIB Price Movement and Trading Context

SHIB gained 2.86% on the day after rising more than 8% earlier in the session. At press time, the token trades near $0.00000612, reflecting renewed short-term momentum amid the broader market recovery.

Coinhako’s infrastructure supports direct SHIB trading pairs against both Singapore dollars (SGD) and U.S. dollars (USD), providing efficient access for regional traders. This feature, combined with Singapore’s regulated and crypto-friendly environment, has helped position the city-state as a growing hub for SHIB transactions.

Recent data indicates that institutional participants account for approximately 60% of Coinhako’s overall trading volume — a level that often leads to larger, more strategic transactions and increased market activity. The recent SHIB transfers appear to reflect portfolio adjustments, strategic accumulation, or liquidity management by major players.

Broader Implications for SHIB and Regional Adoption

The surge in activity on Coinhako aligns with SHIB’s recent price resilience and ongoing ecosystem developments, including burn rate increases and community-driven initiatives. Singapore’s clear regulatory framework and licensed exchange ecosystem continue to attract both retail and institutional traders, making platforms like Coinhako key conduits for high-volume meme coin activity.

While the transfers themselves do not necessarily indicate directional intent (buy or sell), the scale and timing suggest Coinhako is serving as an important liquidity bridge during a period of rising SHIB demand. Continued institutional participation and regional trading volume could influence SHIB’s short-term direction, particularly if broader market sentiment remains supportive.

Investors should monitor:

• SHIB trading volume on Coinhako and other Asian exchanges for signs of sustained interest.
• On-chain burn rate trends and ecosystem updates for additional catalysts.
• Bitcoin’s stability around $70,000+, as SHIB tends to amplify moves in the broader market.

The recent movements reinforce Singapore’s growing role as a key hub for SHIB transactions and highlight the increasing institutional footprint in meme coin markets. Whether this activity translates into sustained price momentum will depend on continued demand and broader crypto market conditions in the weeks ahead.

Todor Tsonev publication: "441 Billion SHIB On the Move: Why Singapore’s Coinhako is Seeing Record Shiba Inu Volume" was written for 24crypto.news

---

News from today

---

Related news

Shiba Inu Alert: Dormant Wallet Wakes Up to Dump 24 Billion SHIB on Binance

SHIB Supply Shock? 459 Billion Shiba Inu Tokens Exit Exchanges as Whales Secure 2026 Positions

SHIB Burn Rate Hits Zero: Why a 99% Drop in Token Destruction is Masking a 125 Billion SHIB Whale Accumulation

Whales Go All-In: XRP Wallets Hit Record High as Traders Eye a Move to $2.00

More news with author: Todor Tsonev