The largest SHIB holding address transferred $3.64 million worth of SHIB to an exchange and still holds a $726 million position.

According to Odaily, on-chain analyst Yu Jin monitored that the largest SHIB holding address transferred 46.9 billion SHIB, worth $3.64 million, to an exchange 9 hours ago. This address had purchased 1.03 trillion SHIB in 2020 using 37.8 ETH (about $13,700), and the value of this holding peaked at $9.1 billion in 2021. Currently, the address still holds 966.84 billion SHIB, accounting for 16.4% of the total supply, valued at $726 million.