CryptoBearishNewsBTC · 3h ago6/10
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A 400 Billion Shiba Inu Surprise: Whale Wallet Springs Back To Life
A dormant Shiba Inu whale wallet transferred nearly 400 billion SHIB tokens through BitGo's infrastructure after 10 months of inactivity, coinciding with a sharp 16% weekly decline in SHIB's price and over $382,000 in liquidated futures positions. While the transfer's purpose remains unclear—potentially an OTC trade or cold storage move rather than a market sale—the timing amplified selling pressure on an already declining memecoin.
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