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06/23 08:02

BitcoinWorldEarly SHIB Whale Sells 3.8 Trillion To

#World Cup Predictions: 100,000 USDT Daily #HTX Invites You to Share 600K USDT in Gift Packs #BTC Prophet: 20-Day 380 Million HTX Challenge BitcoinWorldEarly SHIB Whale Sells 3.8 Trillion Tokens Worth $20.7M in Past Month, Still Holds $457M Stake A prominent early investor in Shiba Inu (SHIB) has been steadily reducing their position over the past month, selling approximately 3.8 trillion tokens worth around $20.73 million, according to on-chain data reported by blockchain analytics firm EmberCN. From $13,700 to Billions: The Whale’s Journey The investor originally purchased a staggering 103 trillion SHIB tokens in 2020 for just 37.8 ETH — valued at roughly $13,700 at the time. That initial bet placed the whale in an extraordinarily advantageous position when SHIB’s market capitalization exploded in 2021, pushing the value of their holdings to a peak of approximately $9.1 billion. At one point, this single address controlled 17.4% of the entire SHIB circulating supply, making it one of the most concentrated token holders in the cryptocurrency market. Such concentrated ownership has historically been a point of concern for retail investors, as large sell-offs can create significant downward price pressure. Recent Selling Activity and Remaining Holdings Over the past month, the whale has been offloading SHIB in tranches, moving 3.8 trillion tokens to exchanges or through OTC desks. Despite this selling, the address still holds approximately 96.27 trillion SHIB, which represents about 16.3% of the total supply and is currently valued at around $457 million. This is not the first time the whale has taken profits. On-chain records show periodic small sales over the years, but the recent pace has accelerated, drawing attention from analysts who track large holder movements for potential market signals. Why This Matters for SHIB Holders Large-scale selling by early whales can influence market sentiment and liquidity. While the remaining holdings are still enormous
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