Shiba Inu Coin: Whale Dumps 210 Billion SHIB To Binance, Price Tumbles

Varinder Singh
December 15, 2022 Updated September 4, 2025
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Whales Move 4 Trillion Shiba Inu

Shiba Inu (SHIB) price tumbled over 3% in the last 24 hours, with the current price trading at $0.000008894. On-chain data indicates a big whale dumped over 210 billion SHIB tokens, causing the price to fall over 3% in the last 24 hours. The whale has a history of dumping Shiba Inu tokens that it purchased in 2020.

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Shiba Inu Whale Transfers 210 SHIB Tokens

On-chain analysis platform Lookonchain in a tweet on December 15 shared that a Shiba Inu whale has transferred 207.2 billion tokens worth $1.9 million to crypto exchange Binance on December 14 at 01:54 PM UTC. The whale has also sold nearly 4 billion SHIB tokens in the last 7 days, making the total SHIB selloff in December to over 210 billion.

In the next few hours, the SHIB price fell 3% after his transfer. The selloff caused the SHIB price to fall another 3% as a result of breaking the support level. Thus, the whale caused the Shiba Inu price to fall over 6% even before the Fed rate hike decision.

The whale bought 3.49 trillion Shiba Inu (SHIB) tokens for 2.37 ETH, worth $2,233 at that time, via Uniswap in 2020. He did this by spending almost 1.83 ETH to buy 2.27 trillion SHIB tokens and 1.22 trillion SHIB via address “0x5952” and address “0x92f2”, with a cost of nearly 0.54 ETH. The Ethereum price was almost $266 at that time.

The last time the whale ever purchased SHIB was on February 9, 2021. Since then, the whale has only sold SHIB for making profits.

After Shiba Inu gathered massive rallies in 2021, the whale began to sell his SHIB holdings. As per Lookonchain, the whale has sold a total of 2.94 trillion SHIB tokens since April 13, 2021.

If the whale sells his SHIB holdings at the current price, he will make almost 18.3 million. The wallet address shows that the whale still holds over 546 billion SHIB tokens worth $4.86 million.

Shiba Inu traders should keep an eye on selloffs by this whale in the future to predict a drop in SHIB price. Currently, the SHIB price trades at $0.00000888, down over 3% in the last 24 hours.

Also Read: SHIB Burn Rate Skyrockets By 107% Amid Price Dump

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.