✨✨Meme Coin Investor Who Bought SHIB During Pandemic Enjoys $108 Million ✨✨
According to Spot On Chain data, one of the early Shiba Inu (SHIB) whales transferred 399.99 billion SHIB (approximately $9.69 million) to the Gemini exchange in the last hours.
This whale purchased 15.2 trillion SHIB for just 10 ETH on August 7, 2020. The low-cost investment at the time allowed the whale to make approximately $107.7 million in profit as of today. This represents a 3.7x return on his SHIB investment.
Following the latest transfers, the whale reportedly still has 2 trillion SHIB (approximately $48.54 million) in his possession. This move may indicate that the whale is aiming to cash out some of its money and transferring SHIB tokens to Gemini.
The moves made by this whale, who was an early investor in Shiba Inu, are being closely monitored by the crypto community. The potential effects of the transfer on the market are eagerly awaited by investors.
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