ChainCatcher Latest News, the blockchain data monitoring platform Spot On Chain reports that in the past hour, an early SHIB whale deposited an astonishing 399.99 billion SHIB into the Gemini exchange, worth approximately 9.69 million dollars. This move has sparked widespread attention in the market.

Looking back to August 7, 2020, this whale purchased 15.2 trillion SHIB with only 10 ETH. Over time, this investor still holds 20 trillion SHIB, with a market value of approximately 48.54 million dollars. According to data analysis, this whale has already profited 107.7 million dollars from SHIB investments, achieving a 3.7 times return on investment.

This incident once again highlights the importance of on-chain data analysis in capturing market dynamics.