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Following
SHIB Key information on the transfer of 125.33 billion SHIB coins to unknown wallets
An unnamed Ethereum wallet received 125.33 billion SHIB coins from cryptocurrency custodian BitGo, and the wallet's balance has not been moved so far, and there are no transfer transactions.
According to online data, during September 2026 alone, the BitGo managed wallet received 600 billion and 408 billion SHIBs respectively from two independent giant whale addresses. Since the withdrawal occurred after both deposits entered the same escrow address, investigators were unable to identify the final payee or determine which giant whale provided the tokens.
Analysis of Fund Flow and Position
Mazrael, a member of the Shiba Inu community, pointed out that Arkham Intelligence classified the recipient wallet as an unlabeled address. On-chain records show that a total of 125,334,083,223 SHIBs were received at the address, with a value of approximately US$678,000 at the time of evaluation. In addition, the wallet had no previous transaction history, which suggests that someone created the address specifically to receive this huge withdrawal.
Existing blockchain information does not reveal the identity of the owner, the purpose of the transfer, or the current relationship between the payee and BitGo. However, the destination address retained its entire SHIB balance and there was no indication its owner planned to sell immediately. This behavior may reflect custody isolation, long-term storage, or over-the-counter clearing between undisclosed market participants.
Tracking the origin of giant whale deposits
Mazrael traced the transfer to a WalletSimple multi-signature contract confirmed by the blockchain platform as a BitGo escrow wallet. The address received 600 billion SHIBs on September 1, followed by a further 408 billion SHIBs on September 6. Therefore, only after two deposits totaling 1.008 trillion SHIBs were deposited into a wallet controlled by BitGo, withdrawals of 125.33 billion SHIBs occurred.
On-chain analysis linked a larger deposit to the early Shiba Inu whale that used intermediate forwarding addresses. At the same time, the second transfer reportedly originated from another giant whale whose wallet had been idle for about three years. Since both deposits entered the same multi-signature address, it is difficult to distinguish the specific flow of respective tokens through public records. As a result, investigators were unable to determine which giant whale provided the portion of the SHIB that was later transferred to an unknown wallet.
Further search did not find the Ethereum Name Service (ENS) domain name, ShibName, or any public alias associated with the destination. Although blockchain records cannot confirm whether there was hoarding, planned selling, or the participation of specific investors/institutions, current public records establish only one point: a BitGo-related wallet funded withdrawals to unknown destinations. The deal highlights the giant whale activity surrounding SHIB, although the identity of the recipient and the purpose of the transfer remain unknown.
