Early SHIB whale transfers approximately 1.07 trillion SHIB, worth about $4.94 million.

An early SHIB whale moved roughly 1.07 trillion SHIB, worth about $4.94 million, on November 3, according to on-chain analyst Yu Jin (Ember), with the tokens sent to a Forwarder contract in three transfers of approximately 472.7 billion, 390 billion, and 210 billion SHIB. The whale originally bought 103 trillion SHIB in 2020 for just 37.8 ETH (about $13,700), and has since sold a cumulative 11.73 trillion tokens while still holding around 91.6 trillion SHIB, currently valued at roughly $418 million. The transfer matters because movements by early, low-cost-basis holders are often watched as potential precursors to distribution or selling that could pressure SHIB's price given the size of the remaining position. Traders should monitor the Forwarder address for subsequent outflows to exchanges and any further sales from the whale's remaining 91.6 trillion SHIB stash.