SHIB Whale: Sells 800B Tokens

An early SHIB whale, who snapped up 103.33T tokens for just $13,760 back in the day—peaking at a staggering $8.9B valuation—offloaded another 800B SHIB today for $4.9M. This investor has cashed out 4.06T SHIB over recent months, raking in $37.6M, while clinging to 99.27T worth $625.41M, representing 16.84% of the circulating supply amid ongoing SHIB whale activity that could signal shifts in meme coin sell-off trends and broader crypto market volatility.

Zooming into the 4-hour chart, SHIB trades at $0.0 with a bullish structure intact as the EMA50 at $0.0 holds firm above the EMA200 at $0.0, reinforced by a MACD golden cross at 0.0 that screams continuation potential. RSI at 56.77 sits neutral, avoiding overbought pitfalls, while price hugs the middle of Bollinger Bands with upper resistance and lower support both pinned at $0.0—confluence here points to steady accumulation before any breakout, especially if Bitcoin (BTC) momentum spills over into meme plays like this.