A significant movement of Shiba Inu (SHIB) tokens from Coinone, a major South Korean cryptocurrency exchange, has drawn attention for its size and timing as the asset’s market price remains under pressure despite shrinking exchange supply. On September 10, blockchain analytics platforms tracked a transfer of approximately 361 billion SHIB from Coinone to a single wallet. The bulk of the transfer involved 355.27 billion SHIB, valued at nearly $1.87 million at the time. Two additional transfers made up the rest, with 4.29 billion and 1.5 billion SHIB moved, respectively.