A mysterious crypto whale has resurfaced, transferring over 10.76 billion Shiba Inu (SHIB) tokens, valued at approximately $153,337, to the Bybit exchange earlier today. The wallet responsible for the transaction had mainly remained inactive for nearly a year, making this sudden move all the more notable.
Whale Wallet Executes Two-Stage SHIB Transfer
Blockchain data reveals that the transfer occurred in two separate stages. First, the whale moved a massive 10.768 billion SHIB, followed by a smaller 15 million SHIB transaction. Both were directed to the same Bybit deposit address, indicating a clear intention to liquidate the assets or reposition funds via the exchange.
This transaction marks the wallet’s first major SHIB activity in nearly 12 months. The last significant movement occurred when the address transferred 1.6 billion SHIB to KuCoin. Prior to that, the wallet received large SHIB deposits from Binance hot wallets, including inflows of 12 billion, 178 million, and 198 million SHIB.
Since then, the address remained silent—until today’s large-scale exit.
SHIB Price Sits Just Below Key Resistance
At the time of the transfer, SHIB traded around $0.00001419, having recently pulled back from its local highs. The price continues to hover above the 50-day moving average, signalling a period of consolidation just beneath the crucial resistance level at $0.000017.
The whale’s decision to offload the tokens may reflect an intent to capitalize on earlier gains or exit a long-term holding ahead of anticipated market changes. Given the size and timing of the transaction, market watchers speculate this could be a strategic liquidation rather than a portfolio rebalancing.
Related article: Shiba Inu Battles Resistance at 532.56 Trillion SHIB Cluster
Wallet Emptied of Major SHIB Holdings
Following the transfer, the wallet now holds a modest balance of just over $213, made up of small quantities of ETH, BNB, and lesser-known tokens. With no significant SHIB left, this is a complete exit from the position rather than an adjustment of holdings.
The move underscores how quickly sentiment can shift in the memecoin market, especially when large holders decide to act.
As SHIB consolidates near resistance, the market will watch closely for further whale activity or price reactions following this sizable exit.
