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Meanwhile, Dogecoin (DOGE) rose only about 6% during the same period, while other dog-themed tokens increased by around 10%, indicating that capital was primarily concentrated into SHIB. In the derivatives market, during this rally, positions of about 2,300 traders in SHIB and 1000SHIB were liquidated, with a total liquidation value of about $6 million, of which short positions accounted for about $5 million, but analysis suggests that short covering was more a result of the price increase rather than the main driving factor of this market movement.
According to Odaily, blockchain analytics platform Bubblemaps has disclosed that a mysterious whale address cluster within the Shiba Inu (SHIB) ecosystem has held approximately 103 trillion SHIB since 2020. The entity initially spent just 38 ETH (roughly $10,000 at the time) to build the position, which once peaked at an unrealized valuation exceeding $50 billion, marking one of the most astonishing investment cases in crypto market history.Bubblemaps' tracking reveals that the whale initially purchased 103 trillion SHIB through the wallet address 0x1406, accounting for about 10% of the circulating supply at the time. As the SHIB price surged, the position's value once reached approximately $5 billion. Currently, the address cluster's holdings are still valued at over $2.5 billion, representing a cumulative return of more than 21,000 times.To reduce exposure risk, the whale split the assets across 14 addresses in November 2021. In January 2023, Bubblemaps first disclosed this SHIB whale cluster, which then controlled about 10% of the SHIB supply, valued at over $1 billion, sparking community discussions about high concentration of holdings by a single entity.Subsequently, the address cluster underwent continuous address migration and splitting. In September 2023, Bubblemaps found that its holdings had spread from a few prominent wallets to many new addresses, a typical tactic to reduce on-chain visibility. Using its Magic Nodes tool, Bubblemaps was still able to identify the connections between these wallets.During the SHIB price surge in early 2024, the whale's position value exceeded $2 billion again, with the number of wallets expanding to over 170 addresses. As of now, the cluster still controls approximately 8.51% of the SHIB circulating supply, a decrease from the initial 10% ratio. However, Bubblemaps notes that this is primarily due to normal on-chain transfers, with no signs of large-scale selling detected.Bubblemaps points out that this case highlights the significant value of on-chain transparency tools: an entity can conceal massive holdings by splitting wallets, but all fund transfers leave public on-chain records. This SHIB whale case has also become a typical example for observing "whale behavior, holding concentration, and on-chain tracking" within the crypto market.
According to Onchain Lens monitoring, the U.S. government address (0x9ac...cb0) has emptied another wallet holding crypto assets seized from Alameda Research and FTX, transferring 4,820 ETH to Coinbase Prime, valued at $9.28 million; and transferring 54.89 billion SHIB, 631,740 POWR, and 1.06 million AERGO to three new wallets, valued at $235,600, $27,900, and $22,100 respectively. The wallet currently holds assets worth $0.
According to monitoring by on-chain analyst Yu Jin, an address purchased 103 trillion SHIB with 37.8 ETH in 2020, accounting for 17.4% of the total supply, worth $13,700 at the time. This address has sold 3.8 trillion SHIB over the past month, valued at $20.73 million. SHIB has dropped 14.5% in the last month.The 103 trillion SHIB held by this address was valued at $9.1 billion at its peak price in 2021. It currently still holds approximately 96.27 trillion SHIB, representing 16.3% of the total supply, worth $457 million.
Bitget Wallet has officially launched full-token payment capabilities, allowing users to use thousands of cryptocurrencies beyond just USDT/USDC for card top-ups and QR code payments, eliminating the need for manual swaps or cross-chain transfers. This feature is now available in over 50 countries and regions across Asia-Pacific, Europe, Latin America, and select emerging markets.The initial range of supported tokens includes mainstream assets such as USDT, USDC, ETH, SOL, BNB, BGB, and POL; ecosystem and community tokens like SHIB; as well as regional stablecoins like BRZ (Brazilian Real-backed stablecoin) and XSGD (Singapore Dollar-backed stablecoin). This capability is powered by Onchain Payments Matrix and currently supports over 10 public chains, including Polygon, BNB Chain, Ethereum, and Base, with continuous expansion of supported tokens and networks underway.Through this move, Bitget Wallet aims to integrate on-chain assets into users' everyday consumption and payment scenarios, further enhancing the practical utility of cryptocurrencies and ensuring users can spend any token for real-world purchases.
According to on-chain analytics platform Lookonchain (@lookonchain), an early OG whale sold 800 billion $SHIB tokens (approximately $4.9 million) today. This whale initially purchased 103.33 trillion $SHIB for just $13,760, and at its peak, the holding was worth as much as $8.9 billion. Over the past several years, the whale has cumulatively sold 4.06 trillion $SHIB, realizing approximately $37.6 million in proceeds. It still holds 99.27 trillion $SHIB (valued at roughly $625 million), representing 16.84% of the total supply. Its total profit has exceeded $660 million, with a return on investment of up to 48,000x.
Odaily Planet Daily reported that according to on-chain analyst Yu Jin @EmberCN, a whale who initially purchased 103 trillion SHIB with 37.8 ETH transferred 800 billion SHIB, worth approximately $4.91 million, to an exchange over the past day.At the 2021 peak, the value of this address's holdings once reached as high as $9.1 billion. It currently still holds approximately 95.42 trillion SHIB, accounting for about 16.2% of the total supply, valued at approximately $588 million at the current price.