On July 16, 2023, this meme coin whale's address held 600 billion tokens of $SHIB, worth $4.86 million at the time with a price of about $0.0000081 per coin. In September 2026, the unknown wallet owner made the first major transfer: on September 6, they sent approximately 408 billion $SHIB worth $2.23 million to the BitGo exchange. Later, they transferred the remaining 192 billion $SHIB there—this batch is valued at $999,050.
Thus, the investor moved all 600 billion $SHIB tokens to the exchange, with a total value of $3.23 million. This is $1.63 million less than their initial value of $4.86 million. Moving tokens to an exchange or custodial service does not necessarily indicate that a sale has already taken place or is imminent. It is possible that the cryptocurrency owner simply wanted to transfer their tokens to a new location.
Shiba Inu is currently trading significantly below its all-time high. In October 2021, the price of $SHIB reached a record $0.00008845, but since then the token has lost 94% of its value. Shiba Inu's daily trading volume has fallen by 9.4% since then, to $70 million. The meme coin $SHIB ranks within the top 30 cryptocurrencies by market capitalization with a figure of $3.1 billion.
In July, US authorities moved 54.8 billion $SHIB tokens confiscated from Sam Bankman-Fried's bankrupt crypto exchange FTX and its affiliated hedge fund Alameda Research.
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