Good timing! A Shiba Inu coin (SHIB) whale made 109 million while the price is dropping
A smart SHIB investor played with $3,800 and ended up making $109 million, recently selling 250 billion tokens.
This whale initially bought SHIB, and at the peak of the token's popularity, it actually rose to $1.22 billion.
But now, the price of Shiba Inu coin has dropped to $0.0000241, and everyone is a bit worried about its recent performance.
However, Shiba Inu coin (SHIB) is no longer just a meme coin; it increased by 153.3% over the past year, making it stand out. Recently, this whale sold 250 billion SHIB tokens, making $6.05 million, totaling $109 million in profit.
Speaking of this whale's early investment,
According to Lookonchain data, this whale started playing with SHIB on August 6, 2020, spending $3,800 to buy 15.28 trillion tokens.
This investment is really impressive, as the price of SHIB continued to rise. At its peak, the tokens held by this whale were worth $1.22 billion, making it a big winner in the cryptocurrency market.
Even though it has sold a lot now, this whale still holds $2.15 trillion worth of SHIB tokens, valued at $52.18 million. This adventure has brought a total profit of $109 million, really amazing!
Looking at the price of Shiba Inu coin, it has dropped by 5.57% in the last 24 hours, currently around $0.0000241, with a market cap of $14.1 billion. This drop has caused some concern.
From a technical indicator perspective, the price of SHIB may continue to fall. The lower bound indicates a potential drop to $0.0000238, and it could even fall to $0.0000228 to find a bottom.
However, SHIB is approaching the critical 50 EMA level, which could be a turning point.
As for the next layout direction, I will lead everyone to aim for the lucrative opportunities in altcoins, especially those with high potential projects, where a 10x growth expectation is reasonable. If you want to make big money in a bull market, like and comment, and I will take you to layout the entire bull market!
