Long traders bore the brunt of the damage when over $382,000 in Shiba Inu futures positions were liquidated in a single day, with $365,660 wiped from bullish bets and just $17,320 lost on the short side.
A Wallet Empties OutAfter that, the holder moved fast, pushing nearly 400 billion tokens through BitGo’s Forwarder Smart Contract across three separate transactions: nearly 112 billion first, then almost 190 billion, then a final 99 billion. When it was done, the wallet held just 110 SHIB.
The total amount transferred came to 399,989,999,938 SHIB. The address, which had sat untouched since roughly last August, was effectively cleared out in a matter of hours.
Reading The BitGo MoveWhat is clear is that a holder sitting on a position worth tens of millions of dollars chose this particular week to act — a week when the broader crypto market was already sliding.
Shiba Inu Under PressureThe timing of the whale’s reactivation, arriving alongside a broader market selloff and a fresh round of liquidations, made the move impossible to ignore — even if its purpose remains unknown.
Featured image from Unsplash, chart from TradingView
