Shiba Inu Mega Whale Unloads Another 600 Billion Tokens

A massive Shiba Inu holder, known as a mega whale, has made another significant move by transferring 600 billion SHIB tokens worth around $3.09 million.

This is part of an ongoing process to unwind a position that once accounted for a substantial share of the meme coin's supply.

The wallet in question originally acquired 1.03 quadrillion SHIB in 2020, valued at just 37.8 ETH ($13,700) or about 17.4% of Shiba Inu's total supply at the time.

At its peak in 2021, this enormous position was worth as much as $9.1 billion.