An Early-Stage Shiba Inu (SHIB) Whale Has Started Selling: Holds a Significant Portion of the Supply

One of Shiba Inu’s early investors has made significant $SHIB sales in the past month.

The giant investor, who in 2020 purchased 103 trillion $SHIB for only 37.8 ETH, or approximately $13,700 at the time, and held 17.4% of the total supply, has gradually sold 3.8 trillion $SHIB over the past month.

The current value of these sales is estimated at approximately $20.73 million. The price of Shiba Inu dogs, however, has decreased by 14.5% during the same period.

The 103 trillion Shiba Inu purchased by the whale in 2020 reached a value of approximately $9.1 billion in 2021 when its price peaked. However, it appears that the investor has only sold a small portion of its assets despite the years that have passed.

According to the data, the wallet in question still holds approximately 96.27 trillion $SHIB. This amount represents about 16.3% of the total $SHIB supply and is worth approximately $457 million at current market prices.

Shiba Inu ($SHIB), once one of the most talked-about memecoins, is currently trading 94.72% lower than its all-time high at the time of writing.

*This is not investment advice.