A whale with wallet address 0x541 just transferred all 197.99 billion SHIB (equivalent to 4.88 million USD) to Coinbase for 0.00002463 USD after 6 months of token inactivity. This transaction can be viewed here: Etherscan.
Transaction details and transaction history
Current Transaction: Whale Moves SHIB 197.99 Billion to Coinbase.
Selling price: 0.00002463 USD.
Average purchase price: 0.000008468 USD.
Purchase period: From October 10, 2021 to September 11, 2023.
Purchase cost: 1.68 million USD.
Estimated profit: 3.2 million USD (+191%) after 2.6 years.
Previous transaction
First trade: Whales buy 138.568 billion SHIB at an average price of 0.000008385 USD.
Reason for price drop: Vitalik Buterin's $1 billion SHIB donation to India's Covid relief fund on May 12, 2021.
Selling price: 0.000007117 USD.
Estimated loss: 176 thousand USD (-15.1%).
Meaning and influence
Current profits: If whales actually sell SHIB at Coinbase, they will make a significant profit.
Impact on the market: Large whale movements like this can affect SHIB's price in the market, but the move to Coinbase indicates a possible preparation for a sale or asset reorganization rather than immediate This creates great selling pressure.
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