A Shiba Inu Whale recently transferred 499.6 billion SHIB, worth $4.24 million, to the now-defunct Hotbit crypto exchange. The whale had been dormant for seven and a half months before waking up to clear out its SHIB holdings, which it had purchased at a higher price a year ago. The wallet address associated with the whale has reportedly made over $70 million in profits from trading SHIB since its creation in April 2021, mostly during a surge in October 2021. The move to transfer assets to a closed exchange has raised questions about the whale's intentions, as well as the difficulties faced by Hotbit users in withdrawing their assets.