SHIB whale transfers 600 billion tokens worth $3.09M

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A SHIB whale transfers 600 billion tokens, worth $3.09 million, in crypto today. The address, which purchased 103 trillion SHIB in 2020 for $1.37 million, still holds 93.27 trillion tokens valued at $47.8 million. Today’s BTC news shows no direct connection to this SHIB activity.

Odaily Planet Daily reports, according to on-chain analyst Yujin, a whale who purchased 103 trillion SHIB for just $13,700 in 2020—accounting for 17.4% of the total supply—has again transferred 600 billion SHIB today, worth $3.09 million. At its peak price in 2021, the 103 trillion SHIB held by this address was valued at $9.1 billion. The whale has gradually sold a total of 10.06 trillion SHIB in 2021 and this year, at an average price of approximately $0.0000066 per token, totaling $66.6 million; the address still holds 93.27 trillion SHIB, valued at $478 million.

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