SHIB Early Whale Sells 60 Billion Tokens, Still Holds $47.8 Million Worth

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Whale movement in SHIB saw a major address sell 60 billion tokens on September 2, valued at $3.09 million, according to Yu Jin monitoring. The whale originally purchased 103 trillion SHIB in 2020 for 37.8 ETH, representing 17.4% of the total supply. Total sales now amount to 10.06 trillion SHIB, netting $66.6 million. The address still holds 93.27 trillion SHIB, worth $47.8 million. Whale activity remains a key indicator for SHIB price movements.

ChainThink reports that on September 2, according to Ember Monitoring, a major early SHIB wallet transferred another 600 billion SHIB today, valued at approximately $3.09 million.

This address purchased 103 trillion SHIB for just 37.8 ETH in 2020, accounting for 17.4% of the total supply at the time. At SHIB's peak price in 2021, this holding was worth as much as $9.1 billion.

To date, this address has sold a total of 10.06 trillion SHIB, receiving $66.6 million, and still holds 93.27 trillion SHIB, worth approximately $478 million at current prices.

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