SHIB Whale Offloads $20.73M in Tokens, Still Holds $457M Stake

A prominent early investor in Shiba Inu (SHIB) has been selling their tokens over the past month, offloading approximately 3.8 trillion SHIB worth around $20.73 million.

The whale originally purchased a staggering 103 trillion SHIB tokens in 2020 for just 37.8 ETH, valued at roughly $13,700 at the time.

This single address once controlled 17.4% of the entire SHIB circulating supply, making it one of the most concentrated token holders in the cryptocurrency market.