age/?url=https%3A%2F%2Fsecure.gravatar.com%2Favatar%2F9e002b0413eb69c0ec6b6245ec27557562d607a4bb636750e688392998e75326%3Fs%3D96%26r%3Dg&amp;w=64&amp;q=75 2x" src="/_next/image/?url=https%3A%2F%2Fsecure.gravatar.com%2Favatar%2F9e002b0413eb69c0ec6b6245ec27557562d607a4bb636750e688392998e75326%3Fs%3D96%26r%3Dg&amp;w=64&amp;q=75"/><div><p class="text-sm font-medium text-black dark:text-white">Shweta Chakrawarty</p><p class="text-sm text-neutral-400">Author</p></div></div></div></a></div></div></div></div></div></div><div class="h-20 w-full flex items-center justify-center"></div></div></main><aside class="hidden lg:block w-80 flex-shrink-0 order-3 mt-32"><div class="sticky top-[140px] space-y-6"></div></aside></div></div></main></div><div class="h-20 bg-gray-100 dark:bg-gray-900 animate-pulse"></div></div></div><script id="__NEXT_DATA__" type="application/json">{"props":{"pageProps":{"post":{"id":27773,"type":"post","_embedded":{"wp:featuredmedia":[{"media_details":{"sizes":{"full":{"source_url":"https://coinfomania.com/wp-content/uploads/Webp.net-resizeimage-12.webp"},"medium_large":{"source_url":"https://coinfomania.com/wp-content/uploads/Webp.net-resizeimage-12-768x512.webp"}},"source_url":"https://coinfomania.com/wp-content/uploads/Webp.net-resizeimage-12.webp"}}],"wp:term":[{"id":1808,"name":"Crypto Exchange News","slug":"exchange-news"},{"id":1809,"name":"Crypto Wallet News","slug":"wallet-news"},{"id":5,"name":"News","slug":"news"}]},"tag":{"id":4292,"name":"SHIB","slug":"shib"},"postCategoriesList":{"id":1808,"name":"Crypto Exchange News","slug":"exchange-news"},"title":{"rendered":"$5 Billion SHIB Holder Has Started Moving Their Funds"},"slug":"this-5-billion-shib-guy-started-moving-their-funds","readTime":"2 Min","date":"2021-11-03 09:41:56","date_gmt":"2021-11-03 08:41:56Z","modified_gmt":"2025-04-26 16:02:17Z","authors":[{"user_id":1774,"slug":null,"avatar_url":"https://secure.gravatar.com/avatar/3ea42820f724a963c6ad72890f32dcb3b3757fd90a2f48c2f935f63c1e3094a1?s=96\u0026r=g","display_name":"Obike Favour","description":"Obike Favour is a crypto news reporter who  is also interested in digital marketing and writing.\r\n\r\nAs an introvert, she spends most of her time surfing the Internet for new ideas that will help her succeed in the digital world.","job_title":"Author","twitter":"","instagram":"","linkedin":"","facebook":""}],"category":"Crypto Exchange News","excerpt":null,"content":{"rendered":"\u003cp\u003e\u003cspan style=\"font-weight:400\"\u003eA few days ago, the crypto industry was wowed by what has now been termed “the greatest individual trade of all time,” where an early SHIB investor \u003c/span\u003e\u003cspan style=\"font-weight:400\"\u003emade $5.7 billion from an $8,000 SHIB\u003c/span\u003e\u003cspan style=\"font-weight:400\"\u003e purchase in 400 days.\u003c/span\u003e\u003cp\u003e\u003cspan style=\"font-weight:400\"\u003eShortly after the news broke, the market was thrown into a mixture of excitement and apprehension, as many analysts wondered what would become of the SHIB market if the holder decides to cash in on the huge fortune at once.\u003c/span\u003e\u003cp\u003e\u003cspan style=\"font-weight:400\"\u003eSome other market watchers speculated that the holder had either lost access to the wallet or perhaps forgotten all about the funds, as it \u003c/span\u003e\u003ca href=\"https://twitter.com/alecpainter/status/1453494406405836801?t=J4d3VQQCsOV5m_6GM9oEDw\u0026s=19\" rel=\"noopener noreferrer\"\u003e\u003cspan style=\"font-weight:400\"\u003eseemed unrealistic\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight:400\"\u003e to hold onto an $8,000 investment until it turned to $5.7 billion SHIB without touching it. \u003c/span\u003e\u003ch2\u003e\u003cspan style=\"font-weight:400\"\u003eMysterious SHIB Holder Starts Cashing Out\u003c/span\u003e\u003c/h2\u003e\u003cp\u003e\u003cspan style=\"font-weight:400\"\u003eThe speculation of a lost or forgotten wallet was debunked earlier today when some activities were noticed on the wallet address, as \u003c/span\u003e\u003ca href=\"https://twitter.com/devchart/status/1455692819281158152?t=DStavopV6pOAIfDS8uCvlA\u0026s=08\" rel=\"noopener noreferrer\"\u003e\u003cspan style=\"font-weight:400\"\u003epointed out\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight:400\"\u003e by one Twitter user.\u003c/span\u003e\u003cblockquote class=\"twitter-tweet\"\u003e\u003cp\u003eRemember when everyone was wondering if the guy who turned 8k$ into 5 billion lost access to his wallet?\u003cbr\u003eTurns out he didn’t and just started moving some of his \u003ca href=\"https://twitter.com/search?q=%24SHIB\u0026src=ctag\u0026ref_src=twsrc%5Etfw\" rel=\"noopener noreferrer\"\u003e$SHIB\u003c/a\u003e\u003cp\u003eAddress:\u003ca href=\"https://t.co/Pok4lH0AUv\" rel=\"noopener noreferrer\"\u003ehttps://t.co/Pok4lH0AUv\u003c/a\u003e \u003ca href=\"https://t.co/yyzb3OXcPm\" rel=\"noopener noreferrer\"\u003epic.twitter.com/yyzb3OXcPm\u003c/a\u003e\u003cp\u003e— Devchart ????????‍???? (@devchart) \u003ca href=\"https://twitter.com/devchart/status/1455692819281158152?ref_src=twsrc%5Etfw\" rel=\"noopener noreferrer\"\u003eNovember 3, 2021\u003c/a\u003e\u003c/blockquote\u003e\u003cp\u003e\u003cp\u003e\u003cspan style=\"font-weight:400\"\u003eThe owner of the wallet has conducted \u003c/span\u003e\u003ca href=\"https://etherscan.io/address/0x1406899696adb2fa7a95ea68e80d4f9c82fcdedd#tokentxns\" rel=\"noopener noreferrer\"\u003e\u003cspan style=\"font-weight:400\"\u003efour consecutive transfers\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight:400\"\u003e, with each consisting of over 10 trillion SHIB tokens at a time. Recall that the wallet held an initial 70,200,003,106,584 SHIB tokens.\u003c/span\u003e\u003cp\u003e\u003cspan style=\"font-weight:400\"\u003eWith this new development, SHIB enthusiasts have become more worried about the stability of the market if the wallet owner decides to liquidate all of the SHIB tokens in the wallet.\u003c/span\u003e\u003cp\u003e\u003cspan style=\"font-weight:400\"\u003eThis brings to mind what had happened earlier in May when Ethereum’s co-founder, Vitalik Buterin, \u003c/span\u003e\u003cspan style=\"font-weight:400\"\u003estarted dumping the SHIB tokens\u003c/span\u003e\u003cspan style=\"font-weight:400\"\u003e that had been sent to him by the project’s developers.\u003c/span\u003e\u003cp\u003e\u003cspan style=\"font-weight:400\"\u003eThe move had caused SHIB’s price and most other meme coins to drop significantly, with most of them losing more than half of their market value.\u003c/span\u003e\u003ch2\u003e\u003cspan style=\"font-weight:400\"\u003eShiba Inu Attracts Large Institutional Investors\u003c/span\u003e\u003c/h2\u003e\u003cp\u003e\u003cspan style=\"font-weight:400\"\u003eIn recent months, SHIB has attracted the attention of some large institutional investors as the meme coin’s price continues to soar.\u003c/span\u003e\u003cp\u003e\u003cspan style=\"font-weight:400\"\u003eA few days ago, the CEO of AMC Entertainment Holdings, Adam Aron, hinted that the company is considering adding SHIB to its list of crypto accepted for payments, and even \u003c/span\u003e\u003cspan style=\"font-weight:400\"\u003ecreated a Twitter poll\u003c/span\u003e\u003cspan style=\"font-weight:400\"\u003e where a majority of voters were in favor of SHIB.\u003c/span\u003e"},"quick_take_points":[],"edited_by":null,"yoast_head_json":{"title":"$5 Billion SHIB Holder Has Started Moving Their Funds","description":"SHIB investor starts moving his funds after he made $5.7 billion from an $8,000 SHIB purchase after holding for nearly 400 days.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https://coinfomania.com/this-5-billion-shib-guy-started-moving-their-funds/","og_locale":"en_US","og_type":"article","og_title":"$5 Billion SHIB Holder Has Started Moving Their Funds","og_description":"SHIB investor starts moving his funds after he made $5.7 billion from an $8,000 SHIB purchase after holding for nearly 400 days.","og_url":"https://coinfomania.com/this-5-billion-shib-guy-started-moving-their-funds/","og_site_name":"Coinfomania","article_publisher":"https://web.facebook.com/Coinfomania/","article_author":"https://www.facebook.com/wilfred.michael.568","article_published_time":"2021-11-03T08:41:56+00:00","article_modified_time":"2025-04-26T16:02:17+00:00","og_image":[{"width":1000,"height":667,"url":"https://coinfomania.com/wp-content/uploads/Webp.net-resizeimage-12.webp","type":"image/webp"}],"author":"WilfredMichael","twitter_card":"summary_large_image","twitter_creator":"@https://www.twitter.com/cryptowilfred","twitter_site":"@coinfomania","schema":{"@context":"https://schema.org","@graph":[{"@type":"NewsArticle","@id":"https://coinfomania.com/this-5-billion-shib-guy-started-moving-their-funds/#article","isPartOf":{"@id":"https://coinfomania.com/this-5-billion-shib-guy-started-moving-their-funds/"},"author":{"@type":"Person","name":"WilfredMichael","@id":"https://coinfomania.com/author/wilfredmichael/#person","sameAs":["https://www.facebook.com/wilfred.michael.568","https://linkedin.com/in/wilfredmichael/","https://www.twitter.com/cryptowilfred"]},"headline":"$5 Billion SHIB Holder Has Started Moving Their Funds","datePublished":"2021-11-03T08:41:56+00:00","dateModified":"2025-04-26T16:02:17+00:00","mainEntityOfPage":{"@id":"https://coinfomania.com/this-5-billion-shib-guy-started-moving-their-funds/"},"wordCount":395,"publisher":{"@type":"Organization","name":"Coinfomania","logo":{"@type":"ImageObject","url":"https://coinfomania.com/wp-content/uploads/logo.webp"},"@id":"https://coinfomania.com/#organization"},"image":{"@type":"ImageObject","url":"https://coinfomania.com/wp-content/uploads/Webp.net-resizeimage-12.webp"},"thumbnailUrl":"https://coinfomania.com/wp-content/uploads/Webp.net-resizeimage-12.webp","articleSection":["Crypto Exchange News","Crypto Wallet News","News"],"inLanguage":"en-US","description":"A few days ago, the crypto industry was wowed by what has now been termed \u0026#8220;the greatest individual trade of all time,\u0026#8221; where an early SHIB investor made $5.7 billion from an $8,000 SHIB purchase in 400 days. 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