Lookonchain
An early Shiba Inu whale sold another 800 billion $SHIB (~$4.9M) on Tuesday, extending a multi-year distribution that has so far returned $37.6 million on an original outlay of just $13,760. The address — one of the original $SHIB accumulators from 2020 — still holds 99.27 trillion $SHIB worth roughly $625 million, equal to 16.84% of the token's total supply.
The profit picture: cumulative realized gains now exceed $660 million on the original $13,760 position, a return of roughly 48,000x. At $SHIB's October 2021 peak, the same 103.33 trillion tokens were worth $8.9 billion.
Why it matters
The address is widely tracked as a proxy for OG conviction in the $SHIB narrative. Each tranche it sells chips away at the supply overhang, but the 99.27T residual is the structural weight the market prices in whenever $SHIB rallies — at $0.0000063 per token, the wallet alone represents a $625M latent sell-side.
Market impact
Realized sales of 800B in a day are a footnote relative to the wallet's remaining stack. The trade to watch is whether subsequent distribution accelerates or whether the address returns to dormancy, as it has between prior cycles. Holders of any size read the on-chain signature the moment a wallet of this scale moves.
Frequently asked questions
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Who is the SHIB whale that sold 800B tokens?
An early Shiba Inu address that originally acquired 103.33 trillion $SHIB for $13,760 in 2020. It has been distributing in tranches over multiple cycles and still holds 99.27T tokens.
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How much profit has the SHIB whale made?
Realized cumulative gains now exceed $660 million on an original outlay of $13,760 — a return of roughly 48,000x. At $SHIB's October 2021 peak the same stack was worth $8.9 billion.
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How much SHIB does the whale still hold?
99.27 trillion $SHIB, worth roughly $625 million at current prices and equal to 16.84% of the token's total circulating supply.
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Why does the whale's activity matter for SHIB price?
A wallet representing 16.84% of supply is a structural sell-side overhang the market discounts on every $SHIB rally. Any accelerated distribution from the address would meaningfully pressure liquidity.
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Has the whale sold SHIB before?
Yes. The address has cumulatively sold 4.06 trillion $SHIB for $37.6 million in realized gains over the past several years, typically in tranches followed by extended dormancy.
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