Against the backdrop of stagnation in the Shiba Inu coin price, attention is focused on fund movements in a wallet that controls more than 16% of the token's total supply. For the first time in a long while, this "sleeping" giant showed activity, transferring 800 billion $SHIB to the CoinMENA exchange.
This address, marked as '$13752购买103万亿枚SHIB' on Arkham, is an anomaly even by crypto market standards. In 2020, the owner bought 103 trillion $SHIB for just $13,700, which is either the most successful deal in the history of meme coins or some kind of insider play, since at the 2021 peak his holdings were valued at $9.1 billion.
Why the biggest individual $SHIB holder is finally moving tokens
Despite the fact that the current market value of his assets has dropped to $588 million, he still holds 16.2% of the total $SHIB supply, and the recent transfer of $4.9 million is only 0.8% of his current holdings. This does not look like a panic dump, but rather a one-time profit-taking or liquidity provision.
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