A large Shiba Inu (SHIB) investor has reactivated their wallet and withdrawn 400 billion SHIB tokens after a month-long hiatus.
According to on-chain data, the funds were moved from a Gnosis Safe Proxy smart contract address to an external wallet, which is viewed as relatively uncommon in the cryptocurrency industry.
The whale investor's portfolio is concentrated in SHIB, with about 99.4% of their total asset value held in the token.