Shiba Inu coins and whales transfer US$3 million to SHIB, and selling pressure continues to intensif

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TLDR

A large Shiba Inu coin owner transferred 600 billion SHIBs, worth approximately US$3.09 million at current prices. The wallet originally purchased 103 trillion SHIBs in 2020 with only 37.8 ETH (valued at approximately US$13,700 at the time). This large household has successively sold approximately 10.06 trillion SHIBs, with a cumulative profit of approximately US$66.6 million. The address still holds approximately 93.27 trillion SHIBs worth approximately US$478 million, accounting for more than 1.5% of the circulating supply. SHIB is trading close to US$0.00005093, and futures and spot funds flows indicate continued short-term selling pressure. The transfer cannot be confirmed as an immediate sale, as the tokens may have been moved between wallets or between escrow addresses.

Large Shiba Inu coins continue to reduce their holdings.

A large Shiba Inu coin owner transferred another 600 billion SHIBs, worth about US$3.09 million at current prices. The transfer brought renewed attention to the wallet that has been active for many years, which once controlled a large part of the supply of the meme coin.

Chain analyst Ember said that the holder bought 1.03 trillion SHIBs in 2020 with 37.8 ETH (approximately US$13,700 at the time). This amount accounts for approximately 17.4% of the total supply of Shiba Inu coins. At the peak of SHIB prices in 2021, the valuation of this position once reached US$9.1 billion.

This Shiba Inu coin owner has been reducing its initial position in the past few years. Ember estimates that the wallet has sold approximately 10.06 trillion SHIBs, with a cumulative profit of approximately US$66.6 million, with an average selling price of approximately US$0.000066 per token.

In 2020, it used only 37.8 ETH ($13.7K) to buy 103 trillion ethereum: 0x95 ad 61b0a 150d 79219dcf 64e1e6cc 01f0b64c4ce (17.4% of the total) as the "Big Brother on the List". Today, another 600 billion ethereum: 0x95 ad 61b0a 150d 79219dcf 64e1e6cc 01f0b64c4ce ($3.09 million) were transferred out. This 103 trillion SHIB will be worth as much as $9.1 billion at its peak in 2021. He…pic.twitter.com/tuEdzVs0BA-Ember (@EmberCN)September 2, 2026

Despite these sell operations, the address still holds approximately 93.27 trillion SHIBs. At current prices, the remaining tokens are worth approximately US$478 million. This balance accounts for more than 1.5% of SHIB's circulating supply, making the wallet continue to receive close attention from traders.

SHIB faces selling pressure in the derivatives market

As of the latest reading, the SHIB trading price was close to US$0.000005093, down about 1.47%. As the spot and derivatives markets continued to face selling pressure, the token showed a downward trend in the four-hour, 24-hour and seven-day cycles.

CoinGlass data shows that SHIB's 24-hour spot trading volume was US$17.9 million, while futures trading volume was US$45.7 million. Open interest is close to US$51.75 million. The futures market had a net outflow of approximately US$213.49 million in one hour, a net outflow of US$383.54 million in four hours, and a net outflow of US$476.76 million in eight hours.

The transfer does not confirm the immediate sale of

The transfer of the 600 billion SHIBs does not confirm that the large player has sold the tokens. Blockchain transfers may reflect internal wallet adjustments, custody transfers, or transfers between addresses, and may not necessarily result in a direct market sell-off.

Despite this, the size of the remaining positions still keeps this Shiba Inu large coin company associated with SHIB market activity. Since the wallet still holds a large amount of circulating supply, any future transfer from this address may attract market attention.

Traders cleared approximately US$63.62 million in SHIB positions within 24 hours. Among them, long positions accounted for approximately US$49.25 million, and short positions accounted for approximately US$14.37 million.

Spot capital flows also continued to be negative during the same period. Market data is currently keeping traders waiting and seeing whether the latest transfer is an isolated wallet movement or a prelude to a new round of selling. Currently, on-chain data only confirms the transfer itself, and the next transaction in the wallet may reveal its strategic intentions.