An early Shiba Inu whale, who made astronomical gains in the 2021/2022 market cycle, shifts part of their SHIB investment to FET.
The development was shared by prominent blockchain analytics platform Spot on Chain today, emphasizing that the decision has started paying off.
Transaction Details
According to Spot on Chain, the unknown whale had swapped 255.62 billion SHIB (worth $3.5 million) for 3.114 million FET over the past 10 hours. Interestingly, the investor’s decision to exchange some of their SHIB holdings for FET appears to be a smart move, as the price of FET pumped by 14% shortly after that.
