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

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

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

Unlocked by Template.png

Research

The march toward an interoperable and onchain-by-default internet depends on reliable messaging and value transfer across heterogeneous domains. Crosschain protocols now process >$1.3T in combined annual transfer volume and secure tens of millions of user interactions, yet no single design dominates.

article-image

The goal, per Santiago Santos, is to make crypto a relatable piece of tech for people who may not even understand it

article-image

Stripe stablecoin unit aims to operate under a federal charter enabling regulated stablecoin issuance and custody services

by Blockworks /
article-image

Will TradFi make crypto better or create more problems than it solves?

article-image

Subtle decisions by risk curators saved Aave from significant turmoil

article-image

The new Rootstock Institutional unit aims to connect professional investors to Bitcoin-native yield and liquidity strategies anchored in BTC’s security layer

by Blockworks /
article-image

DOJ files record civil forfeiture against more than 127,000 BTC linked to scam activity

by Blockworks /