Dormant Shiba Inu Investor Dumps Billions of SHIB for 83% Loss After Buying March 2024 Top
Analysis
Price Impact
LowA single dormant investor selling a significant amount of shib, even at a substantial loss, is unlikely to have a major impact on the overall price of a large cryptocurrency like shiba inu. the market has likely already priced in such events.
Trustworthiness
HighPrice Direction
NeutralWhile this specific sale represents a loss for the investor, it does not necessarily signal a broader bearish trend. the investor bought at a peak two years ago and is now selling at a significant loss, which is more of a capitulation event for an individual rather than a market-wide indicator.
Time Effect
ShortThe immediate impact of this news may cause a very short-term ripple, but it's unlikely to influence shib's price significantly over the long term as it's an isolated event from two years ago.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. A mid-tier crypto investor, this category is often referred to on the crypto market as a “shark,” decided to get rid of his Shiba Inu (SHIB) holdings, locking in a crushing loss of 83.2% in dollar terms. As it became known thanks to data from the Arkham platform, the owner of wallet "0xb0e8" today broke a two-year silence, executing a series of transactions to the world’s largest crypto exchange, Binance. Advertisement Advertisement Buy top, sell bottom: Shiba Inu (SHIB) edition The chronology of this SHIB "hodling" episode is, to the core, a true story of crypto in a nutshell. First, two years ago, in March 2024, the "shark investor" withdrew 14.5 billion SHIB from Binance’s hot wallet. At that moment, the market value of the position was more than half a million dollars. Chronology of Wallet '0xb0e8' Transactions with Shiba Inu (SHIB), Source: Arkham Then a period of inactivity followed, and for two years the wallet remained practically inactive. The only transactions during this time were various spam transfers. And just an hour ago, the investor transferred all his reserves, those same 14.5 billion SHIB, back to Binance. The position literally lost more than 83% over two years, or $422,000. HOT Stories XRP Teases 'Big Bang' Scenario Ahead of March 19: Bollinger Bands, Dogecoin (DOGE) Jumps 176% to Break 6-Figure Threshold in Active Addresses, Shiba Inu Coin Sees 63.772 Billion SHIB Unlock on Bitget — Morning Crypto Report Ethereum Has Nearly 60% Chance of Losing Second Spot You Might Also Like Sun, 03/15/2026 - 14:43 XRP Teases 'Big Bang' Scenario Ahead of March 19: Bollinger Bands, Dogecoin (DOGE) Jumps 176% to Break 6-Figure Threshold in Active Addresses, Shiba Inu Coin Sees 63.772 Billion SHIB Unlock on Bitget — Morning Crypto Report By Gamza Khanzadaev Advertisement Those who remember March 2024 know that the price of SHIB reached its latest peak at that time. In just two weeks, the Shiba Inu token rose to $0.00004546, marking an astonishing 372% increase since the beginning of March. Shiba Inu (SHIB) Price Action Since 2024 to March 2026, Source: TradingView Now trading at $0.00000585, this means that the price of SHIB has fallen about 87% since that moment. Which means that the “shark” investor from today’s story did, in fact, buy at the very top of SHIB two years ago. #Shiba Inu #SHIB #Shiba Inu (SHIB) News