Shiba Inu Whale Unloads $3.09M Worth of Tokens

A Shiba Inu whale has transferred 600 billion SHIB tokens valued at approximately $3.09 million, marking another significant sale from a wallet that initially bought 1.03 quadrillion SHIB in 2020 for around $13,700.

The whale's wallet still holds about 93.27 trillion SHIB, which accounts for more than 1.5% of the circulating supply.

SHIB is currently under short-term selling pressure, with its price down around 1.47% in both spot and futures markets.