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Dormant Shiba Inu whale moves $1.95M in tokens after 10 months amid SHIB price drop

Market News
05 Jun 2026
UToday
View Source
Bearish
pluang ai news

A major Shiba Inu (SHIB) whale ended a 10-month inactivity by transferring nearly 400 billion SHIB tokens worth about $1.95 million via a BitGo smart contract. This move coincided with a 15% drop in SHIB's price, breaking a key support level and signaling potential risk protocol activation. The tokens were not sent to exchanges directly but likely moved for cold storage or OTC sale, which could influence market dynamics. If SHIB prices fall further, more dormant holders might sell, but this could also attract whales looking to buy at lower prices.

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