Shiba Inu Owner Moves $2.76B to Four Different Wallets

Transfer of over 40 trillion tokens went to wallets with no prior token transfers.

article-image

Source: Shutterstock

share
  • The owner of the wallet with $5 billion in Shiba Inu coins has begun transferring the funds to different wallets
  • By the time all 40.004 trillion tokens were transferred, the owner had moved about $2,760,000,027.60 worth of Shiba Inu

An investor who bought $8,000 worth of Shiba Inu cryptocurrency in August 2020 has transferred over 40 trillion tokens from their wallet — about $2.76 billion, according to their Etherscan account

The transfer sent approximately 10,000,000,100,000 Shiba Inu tokens to four different wallet addresses over four transactions. All four of the addresses the tokens were sent to have no prior token transfers. 

Loading Tweet..

Since the transfers, the token price has dropped 1.91%, a small amount in relation to typical market volatility.

The transactions occurred between 6:20 pm and 6:45 pm ET Tuesday. Each transfer was roughly $600 million, or about 10 trillion tokens. At the time, Shiba Inu was at $0.000069 per token. 

By the time all 40.004 trillion tokens were transferred, the owner had moved about $2,760,000,027.60 worth of Shiba Inu. 

SHIB token balance over time for the address of this investor; Source: Nansen

The transactions come one day after Shiba surpassed Dogecoin and became the tenth most valuable digital asset by market value of $40 billion. The cryptocurrency saw its biggest rally in late October when it surged 66% in one day. 

The so-called meme coin is up 103.2 million percent over the past 12 months. Its price is still up 42.26% on the week and 760.93% on the month, according to Coinbase data.


Stay up to date on the crypto and macro markets with the Blockworks daily newsletter. Sign up today.


Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates.jpg

Research

Figure, founded by former SoFi CEO Mike Cagney, has emerged as a leader in onchain RWAs, with ~$17.5B publicly tokenized. The platform’s ecosystem volume is growing ~40% YoY as it expands beyond HELOCs into student loans, DSCR loans, unsecured loans, bankruptcy claims, and more. Operationally, Figure cuts average loan production cost by ~93% and compresses median funding time from ~42 days to ~10, creating a durable speed-and-cost advantage.

article-image

Layer 2 network Taiko integrates Chainlink Data Streams to deliver reliable onchain market data for DeFi and institutions

by Blockworks /
article-image

The license will allow Bullish to operate in New York under strict digital asset rules

by Blockworks /
article-image

The derivatives giant expands crypto offerings with new Solana and XRP futures options, pending regulatory review

by Blockworks /
article-image

Nasdaq-listed firm to fund Solana token purchases and expand its blockchain-focused treasury strategy

by Blockworks /
article-image

The partnership deepens liquidity and lowers conversion costs as demand for regulated stablecoins grows worldwide

by Blockworks /
article-image

Any indication the FOMC is less dovish than anticipated could weigh on crypto, industry watcher says