Shiba Inu Investor Says Enough: Takes Action for $8 Million Profit!

The Shiba Inu (SHIB) whale, which stands out with its bottom purchases, started selling for profit.

According to data cited by on-chain analysis platform Spot On Chain, a SHIB whale has made a move for profit selling. On June 25, Whale transferred 1.088 trillion SHIB, worth $18.12 million, to the cryptocurrency exchange Binance.

This whale had purchased in November-December 2023, when the SHIB price was accumulating at the lows. After patient waiting, he made a profit of around 8 million dollars.

If Balina had managed to sell when the SHIB price was at its peak in March-April, its profit would have been around $20 million. While he still managed to sell at a profit, not every meme coin investor was so lucky.

Again, on June 25, a PEPE investor attracted attention by starting to send his investment, in which he lost millions of dollars, to Binance. This investor's approximate loss was positioned at $3.5 million.

According to CoinGecko data, SHIB, which has increased by 2% in the last 24 hours, is traded at $ 0.0000172 at the time of writing.