A top Shiba Inu whale has added $10 million worth of SHIB to their portfolio in a single transaction, bringing their total balance to 5.28 trillion SHIB valued at $35 million. The whale has been active since May 16 and has transferred a total of 20 trillion SHIB, worth $176.8 million, to a mysterious wallet through four separate transactions.

The whale's interest in Shiba Inu has intensified as the price of SHIB has dipped, and the cryptocurrency is currently trading 23.4% lower compared to the past thirty days and 16% lower over the past seven days. The Shiba Inu ecosystem is also undergoing several notable developments, including the possible launch of the highly-anticipated Shibarium mainnet in early July.