Shiba Inu Whale Nets $109M Profit After Holding Since 2020, But Why Is SHIB Price Falling?
Posted On December 19, 2024
‘Dogecoin Killer’ Shiba Inu (CRYPTO: SHIB) is expected to see a major rally despite its current stagnation.
What Happened: Lookonchain data highlights an early SHIB whale who recently sold 250 billion SHIB (worth $6.05 million) for profit.
The whale originally invested just $3,800 in August 2020 to acquire 15.28 trillion SHIB, worth $1.22 billion at its peak. Over time, they’ve realized a profit of $108 million and made another move by depositing 399.99 billion SHIB ($9.69 million) to Gemini in the last hour.
The whale still holds 2.15 trillion SHIB, currently …
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