Early Shiba Inu Whale Dumps Fresh 600 Billion SHIB
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Early Shiba Inu Whale Dumps Fresh 600 Billion SHIB, Taking Monthly Sales to 3.8 Trillion Coins
Shiba Inu is facing renewed selling pressure after one of the token’s earliest and largest holders resumed his distribution campaign.
Arkham has indexed a series of large transfers linked to a wallet widely known for accumulating SHIB during the project’s earliest days. The wallet possesses the tag “$13,752 bought 103 trillion SHIB,” reflecting his early acquisition of the prominent meme coin.
On Monday, the whale moved approximately 600 billion SHIB, worth roughly $2.83 million at the time, to the ForwarderV4 wallet, an address associated with distribution activity.
Notably, the transaction came at a time when Shiba Inu (SHIB) is struggling to regain momentum. The token is down over 18% this month, dropping to multi-year lows around $0.00000453.
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