An early Shiba Inu whale who accumulated 103 trillion SHIB in 2020 has resurfaced, transferring 469 billion SHIB to OKX.
Blockchain analyst EmberCN first drew public attention to the transaction, which occurred over the past day.
在 2020 年仅使用 37.8 ETH ($13.7K) 买入 103 万亿枚 $SHIB (总量的 17.4%) 的 "榜一大哥"，9 小时前把 4690 亿枚 $SHIB ($364 万) 转进了 #OKX 。
2021 年价格最高时他这 103 万亿 SHIB 价值 $91 亿。他这些币绝大部分都还没有出售，现在仍持有着高达 96.684 万亿枚 SHIB (总量的 16.4%)，价值… https://t.co/d6ubSEg9Xo pic.twitter.com/MkWyOjc57F
— 余烬 (@EmberCN) December 18, 2025
For context, the unidentified whale acquired 103 trillion SHIB, equivalent to 17.4% of the current total supply, back in 2020, when Shiba Inu was largely unknown. Notably, the entire purchase cost just 37.8 ETH or approximately $13,752 at the time.
Whale Shifts 469 Billion SHIB to OKX
Although the whale has remained active by moving other assets such as BNB, ETH, and UDS, they reignited market interest with this latest SHIB transaction. Citing Arkham data, EmberCN revealed that the whale transferred roughly 469 billion SHIB to the OKX exchange yesterday, a sum now worth about $3.64 million.
A closer look at the on-chain activity shows that the whale first routed the tokens through an unidentified intermediary wallet in two separate transactions. One contained 468.98 billion SHIB, and the other just 5 million SHIB.
Subsequently, the exact amounts were forwarded to an OKX-linked address, again split into two transactions: 468.98 billion and 5 million tokens.
Such transaction patterns are often used to obscure direct links between large holders and exchanges. Transfers to exchanges typically signal preparations to sell or swap assets into other tokens. However, it remains unclear whether the 469 billion SHIB has been sold.
Strong Resilience in Shiba Inu
Despite speculation that the whale may sell more SHIB, the investor is widely regarded as one of SHIB’s most bullish holders due to their long-term resilience. After purchasing 103 trillion SHIB in 2020, the whale watched their portfolio surge to an extraordinary $9.1 billion at the height of the 2021 bull market.
However, even at that peak valuation, they chose not to sell the vast majority of their tokens. Instead, they maintained their position through multiple market cycles. Notably, the recent transfer, although sizable, accounts for only a small portion of their total holdings.
While the whale has moved and sold a limited amount of SHIB over time, current data shows the address still controls approximately 96.684 trillion SHIB. This represents about 16.4% of the total supply and is valued at roughly $722.23 million at current market prices.
The development comes as Shiba Inu continues to struggle alongside the broader crypto market. SHIB has plunged by 64.9% year to date and 15.1% over the past 30 days. At the current price of $0.000007423, SHIB is down 4.88% over the past day.