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Trader who earned $120,000,000 on Shiba Inu starts accumulating SHIB again: data inside the chain

According to the network, a deep-pocketed organization that made $120 million in Shiba Inu (SHIB) is suddenly hoarding memcoin again.

Blockchain tracking company Lookonchain reports that a “super big SHIB winner” just spent 4,849 Ethereum (ETH), worth $18.44 million at the time, to buy 715.9 billion SHIB.

Luconchain says,

“This guy only spent ~$400K buying 5.5 trillion SHIB early and sold it for ~$121 million in two peaks. He previously made over $120 million from SHIB – an amazing profit!”

The crypto tracker also noticed nine other wallets belonging to two entities making bulk purchases of SHIB.

“Nine wallets (two whales) spent $35.2 million to purchase SHIB 1.356 trillion at an average price of $0.00002596 as of June 5!”

On the Solana (SOL) network, Lookonchain also noted that one crypto whale faced six-figure losses after continuing to stockpile the sloth-themed memecoin SLERF.

“Keith withdrew 2.91 million SLERF ($923,000) and 2,280 SOL ($378,000) from Gaitio [June 4]. He then spent 2,281 sol ($378,000) to purchase 1.17 million SLERF. Since April 25, he has bought 11.9 million SLERF ($4.09 million) at an average price of $0.3432 and currently has a loss of $266,000.”

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