Top SHIB holder transfers 600 billion tokens worth $3.09 million

  • A top Shiba Inu whale transferred 600 billion SHIB worth $3.09 million.
  • The whale has sold a cumulative 10.06 trillion SHIB and still holds 93.27 trillion valued at $485.94 million.
  • Exchanges recorded a net inflow of 189.18 billion SHIB over the past 24 hours.

A top Shiba Inu whale transferred 600 billion SHIB worth $3.09 million in two transactions to a Forwarder address associated with distribution activity before the tokens were forwarded to a BitGo-affiliated wallet. This pattern suggests preparation for sale. The whale acquired 103 trillion SHIB in August 2020 for $13,700, representing 17.4% of the supply. The position reached $9.1 billion at the 2021 peak and the whale has since sold a cumulative 10.06 trillion SHIB while still holding 93.27 trillion worth around $485.94 million at $0.0000052. The activity aligns with exchanges recording a net inflow of 189.18 billion SHIB over the past 24 hours.

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