Three-Year Dormant Shiba Inu Whale Moves Final 192B SHIB After $1.63M Loss

thecryptobasic.com 1 h

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A Shiba Inu whale that remained dormant for more than three years has finally liquidated its entire $SHIB holdings, realizing an estimated loss of $1.63 million in the process.

The whale initially received 600 billion Shiba Inu tokens on July 16, 2023. At the time, the tokens were worth $4.86 million, based on a $SHIB price of around $0.0000081.

The wallet then remained inactive for more than three years. However, that long period of dormancy ended this month when the whale began transferring its holdings to BitGo, suggesting an intention to sell.

Whale Moves Final 192 Billion $SHIB to BitGo

The whale made its first major transfer on September 6, 2026, sending approximately 408 billion $SHIB to a BitGo-affiliated address. The tokens were worth about $2.23 million at the time.

The whale has now transferred its remaining 192 billion $SHIB to BitGo. The latest batch was worth $999,050, effectively moving the entire 600 billion $SHIB holding to the platform.

Overall, the whale transferred the tokens for $3.23 million, compared with the $4.86 million value when it initially acquired them. As a result, the whale incurred an estimated loss of $1.63 million.

Shiba Inu Whale Liquidates $SHIB Holdings

$SHIB Remains Under Market Pressure

The whale’s liquidation comes as Shiba Inu continues to trade significantly below its all-time high. $SHIB reached a record $0.00008845 in October 2021 but has since suffered a prolonged decline. At press time, $SHIB was trading at $0.000005102, leaving the token about 94.23% below its all-time high. Shiba Inu’s volume has plunged 13.31% over the past 24 hours to $64 million.

Meanwhile, $SHIB faces growing pressure in the cryptocurrency rankings. The token currently ranks No. 30 globally, with a market cap of roughly $3 billion. PayPal USD ranks 31st with a market cap of $2.8 billion, leaving $SHIB with a relatively narrow lead.

Therefore, the whale’s latest transfer adds another notable sell-side development to the pressure surrounding $SHIB. However, transferring tokens to an exchange does not confirm that the whale has already sold them.