A smart money address sold nearly $540,000 of SHIB in the past 16 days and currently still holds 329 billion SHIB

According to Spot On Chain monitoring, a smart money address that had previously earned more than $9.6 million from SHIB sold 75.4 billion SHIB (worth about $537,000) at an average price of $0.00000712 in the past 16 days and exchanged them for ETH and USDT.

It is worth noting that the price of SHIB has dropped significantly almost every time the address sells SHIB. The address currently still holds 329 billion SHIB (worth about $2.28 million).