Early Shiba Inu Holder With 10% of Supply Moves $30M in SHIB Tokens
Data shows most SHIB market depth is under $1 million on various crypto exchanges, and a sell order of that value could move token prices by 2% immediately.
An early shiba inu (SHIB) investor holding 10% of the token’s total supply today moved some $30 million worth of their stash to eight wallets, on-chain analytics tool Lookonchain Thursday.
A giant whale with 101.47 trillion SHIB, valued at over $756 million at curren t prices, transferred 4 trillion SHIB, or $30 million, to eight fresh addresses today, Lookonchain said.
This wallet is considered to be the single-largest holder of SHIB tokens, the firm added. It first purchased $14,000 worth of SHIB tokens in the days following issuance and sold just under $20 million .
As such, most SHIB market depth is under $1 million on various crypto exchanges, and a sell order of that value could move token prices by 2% immediately.
Meanwhile, analytics tool Bubblemaps was likely connected to the project’s developers. The firm referred to a January report that noted a group of wallets purchased 10% of shiba inu supply after issuance – but has, overall, continued to hold the tokens instead of selling to unsuspecting market participants.
SHIB prices are little changed in the past 24 hours. The tokens command a market capitalization of just over $4.4 billion and are down 91% from their October 2021 peak.
Edited by Oliver Knight.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Stablecoins, Not Global Liquidity, Now Drive BTC’s Market Momentum
Bitcoin News Today: Bitcoin Holds Strong at $80K—Will This Support Ignite a Surge to $100K?
- Bitcoin stabilizes near $87,000 as Fed hints at 80% chance of December rate cut, fueling $100,000 optimism . - Projects like Bitcoin Munari ($0.22 presale) and Blazpay highlight innovation with fixed-supply models and AI-driven features. - Market remains volatile: ETF outflows threaten $94,000-$100,000 rebound, while $80,000 support is critical to avoid bearish shift. - Regulatory progress (Revolut's $75B valuation, KuCoin's MiCA license) signals maturing crypto infrastructure and institutional confidenc
Bitcoin Updates Today: Crypto ETF Fluctuations: Withdrawals and Deposits Reflect Market Evolution
- Crypto markets face $1.2T drawdown as Bitcoin drops to $80K, sparking debate over structural slowdown vs. macro shock. - Bitcoin ETF outflows hit $3.7B in November 2025, but experts argue this reflects tactical rebalancing, not lost institutional confidence. - Contrasting inflows of $128M for Bitcoin ETFs and $78M for Ethereum ETFs suggest institutions view dips as buying opportunities. - Analysts attribute selloff to liquidity shifts and Fed rate uncertainty, while noting market maturity through stabili
Bitcoin News Update: Balancing Institutional Trust and Market Volatility in Crypto’s High-Risk Arena
- Institutional investors and sovereign entities are intensifying crypto activity through Bitcoin accumulation, Ethereum staking, and leveraged altcoin trading, reflecting growing digital asset adoption. - Hilbert Group AB initiated a disciplined Bitcoin treasury strategy at $84,568, emphasizing long-term yield generation as institutional confidence in Bitcoin's utility expands. - Bhutan staked 320 ETH ($970k) via Figment.io and plans to migrate its NDI system to Ethereum, positioning itself as a blockchai
Trending news
MoreCrypto prices
More
