Shiba Inu Whale Unloads Another 600 Billion Tokens Amid Ongoing Selling Pressure

A Shiba Inu whale has made another massive move, transferring 600 billion SHIB tokens worth approximately $3.09 million.

This is part of a long-standing effort to unwind a position that once accounted for nearly 18% of the meme coin's supply.

The wallet in question acquired an astonishing 1.03 quadrillion SHIB in 2020, initially valued at just $13,700 (37.8 ETH).

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