#SHIB Bubblemaps disclosed that the SHIB whale has held about 1.03 trillion SHIB since 2020. It initially built its position with 38 ETH, and at its peak had unrealized gains of over $5 billion. In 2021, the holdings were split across 14 addresses to reduce exposure. In early 2023, it accounted for about 10% of the circulating supply, valued at over $1 billion. Since then, it has continued to split and migrate; in early 2024, the number of addresses exceeded 170. It currently holds about 8.51% of the circulating supply, and no large-scale selloffs have been observed. This case demonstrates the value of on-chain transparency tools: while splitting can conceal massive holdings, transfers still leave traces, making it easier to track the SHIB whale and the concentration of holdings.

SHIB-0.44%
ETH0.50%
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Analysis: Shiba Inu’s whale has not moved 10.3 quadrillion SHIB in 5 years; a $10k investment once reached a value of $5 billion.
Bubblemaps disclosed that a SHIB whale has held about 103 trillion SHIB since 2020, initially building a position with 38 ETH, with a peak unrealized profit of over $1.03M. In 2021, it split across 14 addresses to reduce visibility, and in early 2023 it was roughly 10% of the circulating supply, with a value of over $1 billion. Since then, it has continued to split and migrate; in early 2024, the address count exceeded 170, and its current holdings are about 8.51% of the circulating supply, with no signs of large-scale selling. The case highlights the value of on-chain transparency tools: splitting can obscure massive holdings, but transfers leave traces, making it easier to track whales and the concentration of holdings.
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