Whale Moves 3 Trillion SHIB From Coinbase as Shiba Inu Eyes Base, Solana Expansion

A whale has moved 3 trillion SHIB tokens from Coinbase to a self-custody wallet. This came just as a Shiba Inu developer outlined a path for scaling the project across Base and Solana. This signals long-term confidence in the token’s propensity for growth.

Whale Moves $3 Trillion SHIB Amid Multi-Chain Expansion Plans

According to Whale Alert, a whale moved 3 trillion SHIB from Coinbase Prime into a newly created self-custody wallet. At an average price of $0.00001299 per token, the transaction totalled almost $39 million. 

Notably, this was the first transaction for this wallet. Additionally, it implies that the investor is more concerned with long-term profits than with short-term trading.

In addition to the whale activity, the network’s burn rate increased by 1,985% in a single day, removing more than 4.7 million SHIB from the environment.  Many people believe that this drastic cut in supply will spur long-term price growth.

This comes after Shiba Inu’s ongoing infrastructure upgrades. Shiba Inu plans to expand to networks like Base and Solana. While maintaining its tokenomics, it could introduce new liquidity and adoption if carried out through the formal framework.

Shiba Inu Developer Maps Out Cross-Chain Future

While Ethereum remains the core home of Shiba Inu, developers are actively preparing for expansion. Shib Dev Kaal Dhairya reaffirmed that SHIB will “always be Ethereum native,” but opened the door for builders to bring the token to other chains such as Base and Solana.

To ensure such growth benefits the original community, Dhairya emphasized using the official Chainlink CCIP framework. With each transaction, this system burns Ethereum tokens and secures cross-chain transfers.  This supports the deflationary model. The team invested heavily in this integration, collaborating directly with Chainlink to ensure that all four native tokens in the Shiba Inu ecosystem can be supported.

Dhairya cautioned that simply deploying SHIB on other blockchains without supporting the ecosystem would be seen as exploitation. He urged developers to contribute back to the ecosystem that gave it life. 

This strong stance ensures that as Shiba Inu broadens its footprint. It avoids dilution of value or misuse of its identity. By using the CCIP framework for all development, the project supports its goal of making SHIB scarcer and more valuable over time.

Furthermore, Shiba Inu recently upgraded its developer hub. The new update provides clear instructions for setting up validator nodes and creating decentralized applications. This improvement boosts participation and decentralization across the network.

Shytoshi Kusama, SHIB lead, had previously teased a new partnership to create AI infrastructure for Shibarium. In addition to this, they are preparing an Alpha Layer update and a new decentralized exchange (DEX).

It is also worth mentioning that Coinbase has introduced DEX trading for Base network tokens. This shows the growing focus on decentralized infrastructure within major exchanges and could have indirect implications for SHIB. With these plans, the ecosystem is preparing for the next phase of development.