According to on-chain analyst Yu Jin, an address purchased 103 trillion SHIB tokens with 37.8 ETH back in 2020, when the position was worth only $13,700 and accounted for 17.4% of the total supply. The address has held the tokens for four years and remains one of the largest SHIB holders.
Over the past month, the address has gradually sold 3.8 trillion SHIB, worth approximately $20.73 million. During this period, the price of SHIB fell by 14.5%. Despite the partial sell-off, the address still holds about 96.27 trillion SHIB, representing 16.3% of the total supply, valued at $457 million at current prices.
At the peak of the 2021 rally, the address's SHIB holdings were worth as much as $9.1 billion, turning its initial $13,700 investment into a massive paper profit. The recent selling has drawn market attention, but the address's core position remains largely unchanged, suggesting a continued long-term holding strategy.