SHIB's top whale sold 3.8 trillion SHIB in the past month, worth approximately $20.73 million

Foresight News reports, according to Ember monitoring, the top SHIB holder has sold a total of 3.8 trillion SHIB tokens in the past month, worth approximately $20.73 million, during which the SHIB price dropped by 14.5%. This address purchased 103 trillion SHIB in 2020 using only 37.8 ETH (about $13,700), accounting for 17.4% of the total supply. At the price peak in 2021, the holding was valued at as much as $9.1 billion, though only a small portion was sold over the years. This address currently still holds around 96.27 trillion SHIB, accounting for 16.3% of the total supply and valued at approximately $457 million.