Cumberland Continues Shiba Inu Accumulation, Deposits $3.3 Million Worth of SHIB on Coinbase

IconCNT15 May, 2024

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Cumberland Continues Shiba Inu Accumulation, Deposits $3.3 Million Worth of SHIB on Coinbase

**Cryptocurrency Trading Firm Cumberland Accumulates SHIB** Cryptocurrency trading firm Cumberland has deposited 14.4 billion Shiba Inu (SHIB) tokens worth approximately $3.3 million to Coinbase six hours ago. This substantial transaction indicates Cumberland's continued confidence in the Shiba Inu project. Previously, on May 15th, 2024, Cumberland had also deposited 50.36 billion SHIB tokens to OKX, amounting to $1.17 million. This recent deposit to Coinbase further strengthens Cumberland's position as a major holder of the popular meme coin. According to The Data Nerd, Cumberland currently holds approximately 1.69 billion SHIB tokens, valued at around $45,000. This accumulation strategy suggests that Cumberland believes in the long-term potential of Shiba Inu, despite the recent market volatility. **Previously on May 15, 2024:** * Cumberland deposited 14.4 billion SHIB ($3.3 million) to Coinbase. * Cumberland deposited 50.36 billion SHIB ($1.17 million) to OKX.

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