Shib Whale Cashes Out Again As Profits Cross $660m

One of Shiba Inu's earliest and largest holders has sold another 800 billion $SHIB tokens — worth approximately $4.9 million — pushing cumulative profits from a single $13,760 investment well past the $660 million mark, according to on-chain analytics platform Lookonchain.

A $13,760 Bet That Turned Into $660M

The wallet in question originally acquired 103.33 trillion $SHIB tokens for just $13,760, at a time when the meme coin had virtually no market value. At its peak, that position would have been worth billions. The wallet once held 16.84% of SHIB's entire circulating supply, making it one of the most consequential single holders in the token's history.

According to Lookonchain, the whale has now sold a total of 4.06 trillion $SHIB across multiple transactions, generating $37.6 million in combined proceeds from those sales alone. The latest disposal — 800 billion tokens at current prices — adds $4.9 million to that running total. With the remaining 99.27 trillion $SHIB still valued at roughly $625.41 million, total realised and unrealised profit now exceeds $660 million, representing a return of approximately 48,000x on the original outlay.

The CoinDesk reported on this same wallet as far back as July 2023, when it was described as the single-largest active holder of SHIB tokens, having first purchased around $14,000 worth of SHIB in the days following the token's issuance.

Market Implications and What Remains

Despite the sustained sell-down, the whale is far from exiting. The remaining stack — 99.27 trillion $SHIB — still accounts for a meaningful share of supply and represents the bulk of the position's paper value. For context, CoinMarketCap data shows SHIB has been trading near $0.000006, down sharply from its 2021 peak, though the token has recently been testing key support levels.

Whale movements at this scale tend to attract close attention from traders. Large transfers to exchanges have historically preceded short-term price pressure, as additional supply hits the order book. At the same time, the fact that this particular holder has retained the vast majority of their position — even after years of selective selling — suggests the sell-offs are measured rather than a full exit.

The episode is a reminder of the extraordinary concentration that characterised SHIB's earliest days. MEXC's 2026 analysis of SHIB's holder structure notes that the token's founding-era distribution decisions continue to shape its ownership dynamics to this day.

Sources:
CoinDesk – Early Shiba Inu Holder With 10% of Supply Moves $30M in SHIB Tokens
CoinMarketCap – Latest Shiba Inu News & Market Insights
MEXC – Who Owns the Most Shiba Inu Coins? Tracking SHIB Whales in 2026

Related News:
Shiba Inu: How a Meme Token Built a Blockchain Ecosystem – BSCN
Shiba Inu (SHIB) and Retik Finance: The Only 2 Tokens Whales Are Holding – BSCN