Shiba Inu Whale Liquidates Holdings Amid Prolonged Decline

A Shiba Inu whale that had been dormant for over three years has finally liquidated its entire holdings, incurring an estimated loss of $1.63 million.

The whale initially received 600 billion SHIB tokens on July 16, 2023, which were worth approximately $4.86 million at the time, based on a SHIB price of around $0.0000081.

After remaining inactive for over three years, the whale began transferring its holdings to BitGo in September 2026, starting with approximately 408 billion SHIB tokens worth about $2.23 million on September 6.

The final batch of 192 billion SHIB tokens was transferred to BitGo recently, bringing the total value to around $3.23 million, compared to the initial $4.86 million. This represents a loss of approximately 94.23% in value since its all-time high.