Whale Moves Final 192 Billion $SHIB to BitGo
The whale made its first major transfer on September 6, 2026, sending approximately 408 billion $SHIB to a BitGo-affiliated address. The tokens were worth about $2.23 million at the time.
The whale has now transferred its remaining 192 billion $SHIB to BitGo. The latest batch was worth $999,050, effectively moving the entire 600 billion $SHIB holding to the platform.
Overall, the whale transferred the tokens for $3.23 million, compared with the $4.86 million value when it initially acquired them. As a result, the whale incurred an estimated loss of $1.63 million.
$SHIB Remains Under Market Pressure
The whale’s liquidation comes as Shiba Inu continues to trade significantly below its all-time high. $SHIB reached a record $0.00008845 in October 2021 but has since suffered a prolonged decline. At press time, $SHIB was trading at $0.000005102, leaving the token about 94.23% below its all-time high. Shiba Inu’s volume has plunged 13.31% over the past 24 hours to $64 million.
Meanwhile, $SHIB faces growing pressure in the cryptocurrency rankings. The token currently ranks No. 30 globally, with a market cap of roughly $3 billion. PayPal USD ranks 31st with a market cap of $2.8 billion, leaving $SHIB with a relatively narrow lead.
Therefore, the whale’s latest transfer adds another notable sell-side development to the pressure surrounding $SHIB. However, transferring tokens to an exchange does not confirm that the whale has already sold them.
