đš EARLY $SHIB WHALE STUNS CRYPTO COMMUNITY WITH MASSIVE 400 BILLION TRANSFER TO GEMINI đš
An early Shiba Inu ($SHIB) whale has shaken the crypto market with a jaw-dropping transfer of 399.99 billion SHIB (worth approximately $9.69 million) to the US-based crypto exchange Gemini. This move comes from one of the earliest and most profitable $SHIB investors, who had turned a modest investment into a stunning $108 million profit.
đ Whale's Strategic Move
According to on-chain data, the whale initially purchased 15.2 trillion SHIB on August 7, 2020, for just 10 ETHâan investment that has since skyrocketed in value. This recent transfer raises questions about whether the whale plans to sell a substantial portion of their holdings, potentially impacting the SHIB market.
After this massive deposit, the whale still retains 2 trillion SHIB worth approximately $48.54 million, leaving an estimated total profit of $107.7 millionâa remarkable 3.7x return on their original investment.
â ïž Will This Trigger a Market Reaction?
The whaleâs substantial deposit to Gemini has fueled speculation about a potential sell-off. If the 400 billion SHIB is sold, it could inject significant downward pressure on SHIBâs price, sparking concerns among retail investors and smaller holders.
đ SHIB's Meteoric Rise
This event highlights the unprecedented growth of Shiba Inu, which began as a meme coin but has since gained traction as a significant player in the crypto space. The story of this early whale underscores the power of strategic timing in crypto investments.
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