OKX Moves 110,779,994,032 Shiba Inu From Cold Wallet to Hot Wallet

The Crypto Basic reported that Arkham data shows OKX moved 110,779,994,032 Shiba Inu, worth roughly $615,000, from its cold wallet to its hot wallet at 03:09 UTC, and described the token as staging a modest price recovery. The outlet said the same hot wallet took in several SHIB transfers over the past day, including 12.68 billion SHIB, then sent 20.59 billion SHIB to another OKX hot wallet along with 116.56 million SHIB and 3.33 million SHIB to two separate unlabeled addresses. After those movements the hot wallet still held about 205.68 billion SHIB, and The Crypto Basic cited Etherscan data showing OKX's cold wallet as the 10th-largest SHIB holder with roughly 6.70 trillion SHIB, making the transfer a small share of that balance. The outlet said exchanges normally shift assets to hot wallets to make them available for customer withdrawals, so the transfer could mean OKX is preparing liquidity for withdrawal requests, and it stressed that the movement alone does not confirm users are withdrawing. Only The Crypto Basic carried this report, and the on-chain data it relies on comes from Arkham and Etherscan rather than from OKX.