An Early-Stage Shiba Inu (SHIB) Whale Has Started Selling: Holds a Significant Portion of the Supply

One of Shiba Inu’s early investors has made significant SHIB sales in the past month.

The giant investor, who in 2020 purchased 103 trillion SHIB for only 37.8 ETH, or approximately $13,700 at the time, and held 17.4% of the total supply, has gradually sold 3.8 trillion SHIB over the past month.

The current value of these sales is estimated at approximately $20.73 million. The price of Shiba Inu dogs, however, has decreased by 14.5% during the same period.

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The 103 trillion Shiba Inu purchased by the whale in 2020 reached a value of approximately $9.1 billion in 2021 when its price peaked. However, it appears that the investor has only sold a small portion of its assets despite the years that have passed.

According to the data, the wallet in question still holds approximately 96.27 trillion SHIB. This amount represents about 16.3% of the total SHIB supply and is worth approximately $457 million at current market prices.

Shiba Inu (SHIB), once one of the most talked-about memecoins, is currently trading 94.72% lower than its all-time high at the time of writing.

*This is not investment advice.

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