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Shiba Inu Whale Distributes 4 Trillion SHIB Tokens After 157 Days of Dormancy

The largest holder of Shiba Inu (SHIB) tokens, known as "0x1406," has distributed 4 trillion SHIB tokens worth $29.8 million to 8 new wallets after 157 days of dormancy. This move may be in response to the upcoming release of the Shibarium mainnet and "Worldpaper" by Shiba Inu lead developer Shytoshi Kusama.

The whale still holds 101.47 trillion SHIB tokens worth $756 million in 23 wallets and is known for buying SHIB from dips. Meanwhile, the gas token for Shibarium, Bone ShibaSwap (BONE), has rallied 82% in a month and currently trades at $1.29.

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