Karla Barker 
A major Shiba Inu (SHIB) investor has ended a 10-month period of inactivity by moving nearly 400 billion tokens worth about $1.95 million. The transaction, spotted by on-chain analytics platform Arkham, involved 399,989,999,938 SHIB tokens.
Interestingly, the funds were not sent directly to a cryptocurrency exchange. Instead, they moved through the BitGo: Forwarder smart contract. This relay address is typically used by the institutional custodian BitGo to automatically collect client funds. From there, the money can go to cold storage pools or over-the-counter (OTC) trading venues. After the transfer, only a tiny dust balance of $71.89 remained on the original address, suggesting a full closure of that wallet.
Timing and market pressure
The whale became active just as the weekly SHIB/USDT candle closed with a 15.04% decline, fixing the price at $0.00000469. The direct trigger, perhaps, was the break below the key psychological support level of $0.00000550. This drop puts the current price almost 42% below the volume point of control, which sits at $0.00000816 and where the bulk of coins traded in recent months.
A large market sale in the current weak spot market could instantly thin out the order book and push SHIB another 2% lower. But using custodial infrastructure gives the holder options: either lock the coins in cold storage to secure other margin positions, or sell them through a hidden OTC deal without directly pressuring the exchange rate.
What comes next for SHIB
If the market fails to hold current levels, the next zone for consolidation and possible bottom formation might be the $0.00000400 to $0.00000340 range. This would mean further risk of sales by other dormant SHIB holders, which could accelerate. But on the flip side, this might become a “sweet spot” for whales looking to buy the dip in this meme coin. The whole situation shows how long-term holders are cashing out amid price crisis, something that’s becoming more common as the market struggles.