Shiba Inu gained 12% over the past month as large holders moved billions of SHIB between exchange-linked custody and private wallets, leaving the direction of whale activity mixed. An unidentified wallet withdrew 125,334,083,223 SHIB, worth about $678,000, from a BitGo-affiliated WalletSimple multisig address to the previously unused wallet 0x51580B706d0E84eC9DE947cDeA33c56D616aaA38. The destination has no identified public name, ENS or ShibName and still holds the tokens. The transfer followed the movement of 407.99 billion SHIB, worth about $2.21 million, from a wallet dormant for more than three years to BitGo through a forwarding address; that wallet still holds roughly 192 billion SHIB. CryptoQuant data also showed 260.17 billion SHIB leaving exchanges against 182.58 billion entering, producing a negative netflow of 77.59 billion tokens. The transfers could reflect custody, accumulation, selling or OTC activity, but the available data does not establish the owners' intentions or confirm a sale.