Is FET Token Set to Skyrocket? Shiba Inu Millionaire Makes a Big Bet

Is FET Token Set to Skyrocket? Shiba Inu Millionaire Makes a Big Bet appeared first on Coinpedia Fintech News

The post Artificial Intelligence (AI) Superintelligence Alliance (FET) token appears to be skyrocketing as an early Shiba Inu buyer trades his losing SHIB for the rising FET token. On August 31, 2024, a whale who previously made $145 million worth of SHIB swapped his 255.62 billion SHIB tokens worth $3.5 million for 3.114 billion FET, on-chain analytics firm Spotonchain reported.

SHIB Token to FET: Whale Swapped Millions of SHIB

This remarkable shift from SHIB to FET is sending buy signals in the struggling cryptocurrency market. In a post on X (formerly Twitter), Spotonchain noted that between February 2021 and June 2022, this whale made millions of dollars worth of SHIB tokens. However, the whale’s recent purchase of 968.3 billion SHIB tokens did not go well, resulting in an unrealized loss of over $11.5 million.

This early buyer of $SHIB is trading his losing $SHIB position for the rising $FET one! In the past 10 hours, the whale traded 255.62 billion $SHIB ($3.5 million) for 3.114 million $FET. Notably, this whale made a profit of $145 million (x52) from the first $SHIB trade during February 2021 – June 2022.

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