Shiba Inu Whale Awakens, Moves 407B SHIB

TLDR

• A Shiba Inu whale moved 407.99 billion SHIB to BitGo.
• The wallet had remained inactive for more than three years.
• The transfer was worth about $2.21 million at the time.
• The whale still holds roughly 192 billion SHIB.
• Exchange outflows exceeded inflows by 77.59 billion SHIB.

A Shiba Inu whale has moved 407.99 billion SHIB to BitGo after remaining inactive for more than three years. The transfer came as SHIB traded below the key $0.0000055 level and faced renewed price pressure. The transaction has drawn attention because large exchange-linked transfers can precede selling activity. However, blockchain data alone does not confirm that the holder plans to sell the tokens.

Shiba Inu Whale Ends Three-Year Silence

Arkham data shows that the wallet received 600 billion SHIB on July 16, 2023. The sending wallet had earlier accumulated 10 trillion SHIB before distributing large batches to several addresses. The dormant wallet recorded no outgoing transfers until September 6, 2026. It first moved 836,221 SHIB to buy ETH for gas, then transferred 407,999,431,439 SHIB to a Forwarder address.

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