An early Shiba Inu holder moved 1.07 trillion SHIB on Tuesday, according to on-chain analyst Ember. The wallet is known for buying 103 trillion SHIB in 2020 for just 37.8 ETH, worth about $13,700 at the time, a position that represented 17.4% of the token’s total supply. Ember said the latest transfer was worth about $4.94 million.
The same batch of SHIB was once valued at $9.1 billion at the token’s 2021 price peak. The address has sold portions of its holdings in 2021 and again this year. In total, it has sold 11.73 trillion SHIB at an average price of about $0.0000064, realizing $74.74 million.
Despite those sales, the wallet still holds 91.6 trillion SHIB, with a current value of about $418 million. The update highlights how one of SHIB’s earliest and largest holders remains a major presence on-chain even after trimming part of the position.
An early Shiba Inu whale transferred 1.07 trillion SHIB on Tuesday, according to on-chain analyst Ember.
Ember said the wallet spent just 37.8 ETH, or about $13,700, in 2020 to buy 103 trillion SHIB. That position accounted for 17.4% of SHIB’s total supply, making the address one of the token’s largest early holders. The latest transfer was valued at about $4.94 million.
The same SHIB stash was once worth $9.1 billion at the token’s 2021 price peak. Ember added that the address sold part of its holdings in 2021 and again this year, unloading a combined 11.73 trillion SHIB at roughly $0.0000064 per token for total proceeds of $74.74 million.
The wallet still holds 91.6 trillion SHIB, currently worth about $418 million.
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