Shiba Inu Whale Continues Massive Token Sell-Off

A significant Shiba Inu whale has made another large transfer of SHIB tokens, offloading approximately $3.09 million worth of coins.

This move is part of a larger trend where the wallet has been gradually reducing its massive position over the years.

The original acquisition in 2020 consisted of 1.03 quadrillion SHIB tokens for just 37.8 ETH, valued at around $13,700 at the time, accounting for roughly 17.4% of Shiba Inu's total supply.

At its peak in 2021, this enormous position was worth as much as $9.1 billion. The whale has sold a cumulative 10.06 trillion SHIB tokens so far, valued at around $66.6 million on average per token.