Early SHIB whale sells 3.8T tokens for $20.7M in past month

An early SHIB whale who purchased 103 trillion SHIB for 37.8 ETH (worth about $13,700 at the time) in 2020 has been selling off portions of their holdings, EmberCN reported, citing on-chain data. Over the past month, the investor has sold approximately 3.8 trillion SHIB for around $20.73 million. The investor, who once held 17.4% of the total SHIB supply, saw their holdings peak at a value of about $9.1 billion in 2021. Despite selling off small portions over the years, the whale still holds approximately 96.27 trillion SHIB. This remaining amount constitutes about 16.3% of the total supply and is currently valued at around $457 million.