Massive 600B SHIB Whale Transfer Sparks Fears of Price Correction
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A major SHIB whale moved about 600 billion SHIB (~$2.8M) to a ForwarderV4 address; Arkham Intelligence reports this entity bought ~103 trillion SHIB in August 2020 for 37.8 ETH (~$13,700) and saw the position peak near $9.1B in 2021. Roughly 3.8 trillion SHIB has flowed through ForwarderV4 in the last month, heightening crypto market risk from concentrated supply and the potential for selling pressure and price correction if tokens hit exchanges.
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- A whale moved about $2.8 million worth of SHIB tokens to an address called ForwarderV4.
- Back in August 2020, the whale reportedly acquired around 103 trillion SHIB.
- About 3.8 trillion SHIB has flowed through the same ForwarderV4 address in the last month.
A huge Shiba Inu (SHIB) whale just moved nearly 600 billion SHIB tokens, about $2.8 million worth, to an address called ForwarderV4, according to Arkham Intelligence.
The wallet belongs to one of the earliest and most successful SHIB investors. Back in August 2020, they reportedly acquired around 103 trillion SHIB, representing 17.4% of the token’s total supply at the time, for only 37.8 ETH (roughly $13,700 at the time).
At the peak of the 2021 meme coin boom, that position was valued at approximately $9.1 billion, making it one of the most successful crypto investments ever recorded.
As for the address its…
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