A major SHIB holder transferred out another 600 billion SHIB worth $3.09 million on September 2, continuing a long-running series of sales from one of the token’s earliest and largest positions. On-chain data cited by Ember Monitoring shows the wallet originally acquired 103 trillion SHIB in 2020 using 37.8 ETH, worth about $13,700 at the time.
Those holdings were valued at as much as $9.1 billion at their 2021 peak. The holder has sold a combined 10.06 trillion SHIB in 2021 and this year for about $66.6 million at an average price near $0.0000066, while the address still holds 93.27 trillion SHIB valued at roughly $478 million.
Major SHIB Holder Moves Another $3.09 Million in Tokens, Still Holds $478 Million
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