Shiba Inu Whale Resurfaces After Months of Dormancy, Transfers 400 Billion SHIB

A dormant Shiba Inu whale has made a significant move in the crypto market after nearly 10 months of inactivity. The whale transferred almost 400 billion SHIB tokens through BitGo's Forwarder Smart Contract, sparking concerns about potential selling pressure on the market.

The transfer was notable for its timing, coinciding with a broader cryptocurrency market downturn. SHIB has declined 17.71% over the past week and lost key psychological support levels at $0.000005.