Shiba Inu Whale Surrendered to Declines: Millions of Dollars Transferred to the Stock Market!

The whale, which could no longer tolerate the decline in the price of Shiba Inu (SHIB), took action.

According to data transmitted by the on-chain analysis platform Lookonchain, the Shiba Inu whale rolled up its sleeves for profit sales. The data revealed that the whale in question transferred 1.08 trillion SHIB, worth $18.4 million, to the cryptocurrency exchange Binance on June 24.

If Balina made this transfer for sale, he would have a profit of approximately $8.3 million. The whale in question had withdrawn 1.08 trillion SHIB from Binance in 3 parts on November 24, December 4, and December 22, 2023. The acquisition cost was approximately $10.7 million.

Lost $29 million in profit

If Balina had managed to sell at $0.0000362, which was the peak price seen during the SHIB rise in recent months, it would have made a profit of $29 million.

SHIB, the shining star of the last bull market, was one of the projects that led the meme coin rise in March-April.

According to CoinGecko data, SHIB, which has lost 7% in value in the last 24 hours, is traded at $ 0.0000167 at the time of writing.