Shiba Inu (SHIB) whale makes $109 million, seizes the opportunity during price drop
This is serious
A savvy SHIB investor recently sold 250 billion tokens, turning $3,800 into $109 million!
Back in the day, when SHIB's price skyrocketed, this whale had an early investment that soared to $1.22 billion.
Now, the price of Shiba Inu has dropped to $0.0000241, and everyone is worried if it can hold on in the short term.
Early investment, early returns
Have you heard? According to blockchain analysis platform Lookonchain, this whale started investing in SHIB on August 6, 2020, when $3,800 bought 152.8 trillion tokens.
As a result, SHIB's price soared, and this investor's profits followed suit, ultimately becoming a legend in the cryptocurrency world.
Even after selling most of his holdings, he still holds 21.5 trillion SHIB, worth $52.18 million, totaling a profit of $109 million!
New trends in Shiba Inu prices
Shiba Inu (SHIB) is under a lot of pressure recently, with a 5.57% drop in price over the past 24 hours, now roughly $0.0000241 per token, with a market cap of $14.1 billion. With this drop, everyone is starting to wonder if SHIB will continue to fall.
Looking at technical indicators, such as Bollinger Bands, it is suggested that SHIB may still decline in the short term, possibly reaching $0.0000238 or even $0.0000228.
However, SHIB is now not far from the crucial 50 EMA level, which could be a turning point. If it can stabilize at $0.000024, it may attract a wave of investors for a stunning turnaround!
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