SHIB Whale From 2020 Moves 600B Tokens After Years of Holding Huge Position

A 2020 SHIB whale moves 600B tokens worth $2.83M after buying 17.4% of supply for $13,752 and holding for years.

A Shiba Inu whale from the 2020 era has moved to a large SHIB position after years of inactivity. 

The wallet had become known for holding one of the earliest large allocations of the meme token.

Shared on-chain data shows the holder bought 17.4% of the total SHIB supply in August 2020. The purchase reportedly cost only $13,752 at the time.

That position later reached about $9.1 billion during SHIB’s 2021 market peak. However, the wallet stayed quiet for years after that rally.

Now, the whale has moved nearly 600 billion SHIB tokens worth about $2.83 million. The transfer went to a ForwarderV4 address, drawing attention from traders.

Early SHIB Whale Returns After Long Silence

The wallet’s history dates back to the early days of Shiba Inu trading. At that time, SHIB was still a small meme token with limited market activity. The whale’s large purchase later became one of the most tracked early positions.

According to the reported data, the buyer spent $13,752 for a huge share of supply. During the 2021 rally, that position reached about $9.1 billion. 

The wallet then remained mostly inactive through later market cycles.

Dormant whale wallets are closely watched because they can hold large token balances. 

Therefore, any movement from such wallets can quickly draw trader attention. In this case, the long holding period made the transfer more notable.

600B SHIB Transfer Raises Selling Questions

The whale moved nearly 600 billion SHIB, valued at about $2.83 million when reported. The transfer was sent to a ForwarderV4 address. 

Market analysts often track such moves for possible routing activity. Reports said the holder has started selling after years of holding the position. 

However, the transfer alone does not confirm the full purpose of the move. More wallet activity would be needed to show the holder’s next steps.

Large SHIB transfers can raise caution among traders during weak or uncertain markets. 

This is because whale sales may add supply pressure on exchanges. Still, price reaction depends on liquidity, demand, and wider crypto market conditions.

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SHIB Traders Watch Next Whale Moves

Shiba Inu remains one of the most followed meme coins in the crypto market. Its large holder activity often receives close attention from retail traders. 

Old whale wallets can shape short-term sentiment when they become active. The latest transfer also shows the scale of gains made by early SHIB buyers. 

A small 2020 purchase became worth billions at the 2021 peak. That history explains why this wallet continues to attract market focus.

For now, analysts are analysing whether more SHIB leaves the same wallet. 

They are also tracking where the transferred tokens move next. Further movement may keep this 2020 whale position in focus.

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