$SHIB 🚨 SHIBA INU OG WHALE CASHES OUT AGAIN, STILL HOLDS $625M POSITION
An early Shiba Inu investor has sold another 800 billion SHIB, worth approximately $4.9 million, continuing a multi-year profit-taking strategy.
The wallet originally accumulated 103.33 trillion SHIB for just $13,760, later seeing its holdings peak at an estimated $8.9 billion during the market’s height.
On-chain data shows the whale has already sold 4.06 trillion SHIB for a total of $37.6 million over time. Despite these sales, the address still holds 99.27 trillion SHIB, currently valued at around $625 million-representing roughly 16.8% of the token’s total supply.
Cumulative profits now exceed $660 million, translating to an approximate 48,000x return on the initial investment.
Recent transfers indicate ongoing distribution, with large batches of SHIB moving through intermediary wallets, suggesting structured selling rather than a single exit.
The scale of holdings and continued activity from this wallet remain a key overhang for the market, as gradual liquidation from early holders continues to shape liquidity and price dynamics.
