A major Shiba Inu whale has transferred 14.5 billion SHIB tokens to the OKX exchange, exiting a position held for nearly two years. On-chain data confirms the investor bought near the 2024 peak, selling at an 83% loss of approximately $422,000. The token’s price has fallen about 86% from its all-time high, highlighting the volatility and risks associated with long-term holding in the meme coin sector.
A Shiba Inu investor ended two years of wallet dormancy by moving 14.5 billion tokens to OKX. Arkham Intelligence data shows the transaction was completed on March 15.
The investor initially acquired the tokens during a market rally in March 2024. This purchase occurred when SHIB reached its all-time high of $0.00004567, with the total cost estimated at roughly $506,830.
The recent sale of the token haul yielded approximately $84,640. This resulted in a realized loss of about $422,190 for the holder.
Since its 2024 peak, the Shiba Inu price has declined sharply. It currently trades at $0.00000605, representing an 86% drop from its high.
The overall meme coin market has experienced prolonged price declines. This transaction underscores the risks volatile assets pose during shifting market cycles.
