An old timer spent less than $14,000 in 2020 to acquire 37.8 ETH and ended up with 103 trillion SHIB tokens, once accounting for 17.4% of the total supply—that's how early he was. At that time, most people in the crypto world had never even heard of SHIB.

Later, during the frenzy of 2021, the 103 trillion tokens he held skyrocketed in value to $9.1 billion. Imagine that—less than two years, a 670,000x increase. But this guy was surprisingly calm; he held onto most of these tokens without moving them until now.

His wallet still contains 96.684 trillion SHIB, accounting for 16.4% of the current total supply. Honestly, everyone knows how much influence such a holding size has on the market. The latest move was 9 hours ago, when he suddenly transferred 469 billion SHIB (worth about $3.64 million). Such large transactions always make the market hold its breath—after all, when whales move, small retail investors have to wonder whether they’re selling or just repositioning.