👌🏻 According to a recently published tweet by the @spotonchain analytics platform, over the past 20 hours, a whale that had held almost half a trillion Shiba Inu meme coins has sold them at a massive loss.In the meantime, the second largest meme-inspired cryptocurrency Shiba Inu has closely approached the level where it can burn the fifth zero in its price.Mysterious whale deposits 421.6 billion SHIB to BinanceThe tweet from the above-mentioned on-chain data source states that the whale has sold a total of 421.6 billion at an average price of $0.000009437. The sale took place both on Binance and DEX (most likely, the Binance DEX in this context) — 311.6 billion Shiba Inu were sold on the Binance exchange and 110 billion SHIB were disposed of through the DEX.Additional data provided by @spotonchain beyond the tweet shows that this mysterious whale purchased these hundreds of billions of SHIB on HTX and Binance in November 2021. Prior to the current sale, the whale had held them for almost 2.5 years.Whale 0x30e allegedly sold 421.6B Shib($3.98M) at ~$0.0₅9437 in the past 6 hours, including:• deposited 311.6B M) to #Binance  • sold 110B SDT on DEX.Truly selling now would cause the whale to lose $6.32M (-61.4%) after 2.5 years of holding!… pic.twitter.com/CGfN7CL42g— Spot On Chain (@spotonchain) February 24, 2024In case of a true sale, the analytics platform says, the whale will suffer a massive loss of $6.32 million.SHIB price close to removing zeroToday, the popular meme-themed cryptocurrency SHIB has printed a 3% rise, coming really close to the $0.00001 level, where one zero would be burned.On Tuesday, SHIB came even closer to breaking above that threshold as it reached $0.0000993. Since that, until earlier today, the Shiba Inu meme coin was in an almost 6% decline.At the time of writing this article, Shiba Inu is changing hands at $0.00000962 on the Binance exchange.SHIB burns stage riseShibburn transaction tracker spreads the word about a recent increase in the SHIB burn rate. It is marginal, though — 55.12% with a total of 52,059,153 SHIB transferred to unspendable wallets with a zero chance of withdrawal. The largest burn here took place six hours ago, sending 42,058,800 SHIB to a dead-end blockchain address. The second-largest one carried 9,992,557 SHIB.On Friday, the daily increase in SHIB burns comprised a whopping 8,512% with 86.1 million meme coins transacted to the zero SHIB addresses. .#TrendingTopic #Write2Earn‬ #BTC #ETH

This article examines the Shiba Inu tokens investors must hold to attain a portfolio of $10 million, $15 million, or $20 million should SHIB clinch $0.003 or $0.009.
The crypto community is experiencing a bull market, and meme-inspired crypto projects like Shiba Inu are currently some of the best performers. Considering that Shiba Inu made many millionaires in the last bull run, with a handful of billionaires, expectations are high that a similar occurrence could resurface.
To this end, Shiba Inu enthusiasts with a millionaire target may be interested in knowing how they may achieve their millionaire status should SHIB hit some of the notable projected figures like $0.003 or $$0.009.
How To Make $10M if Shiba Inu Hits $0.003
At the time of reporting, Shiba Inu trades for $0.00003001, marking a 9.94% increase over the past week. The price target of $0.003 implies the asset potentially canceling two decimal points with a 100x surge.
Accordingly, to command a portfolio of $10 million in Shiba Inu after the asset eventually hits $0.003, an investor must hold 3,333,333,333 SHIB tokens. At Shiba Inu’s market price of $0.00003001, this 3.33 billion SHIB token would demand an initial capital of $100,033.
In essence, making $10 million from Shiba Inu with a projected target of $0.003 requires stocking over 3 billion units of the token.
Making $15M or $20M with Shiba Inu $0.003 Target
To realize the $15 million target, one would need to hold five billion SHIB tokens if SHIB reaches $0.003 to potentially realize the intended lump sum. Acquiring these 5 billion SHIB tokens costs approximately $150,000 today.
The $20 million target requires double the initial investment for the $10 million goal as estimated previously, coming in at 6.6 billion SHIB. These 6.6 billion tokens are currently worth $200K.
So an investor needs to hold 3.33 billion, 5 Billion, or 6.6 billion Shib to make $10M, $15M, or $20M, respectively, from Shiba Inu at the current SHIB price.
Making $10M, $15M, or $20M with Shiba Inu at $0.009
For the most ambitious price target of $0.009, investors hoping to make $10 million, $15 million, or $20 million from Shiba Inu require less initial capital commitment.
In the $10 million outlook, investors would need to hold 1,111,111,111 (1.1B) SHIB tokens, translating to an initial investment of approximately $33,344 today.
Likewise, targeting $15 million would require accumulating approximately 1.66 billion SHIB tokens, currently costing around $50,000.
Similarly, the $20 million target demands investors to hold 2.2 billion SHIB at $0.009, with these tokens going for $66,688 today.
Projected Timelines for SHIB to Hit $0.003 and $0.009
Considering the current valuation, the Shiba Inu price outlooks of $0.003 and $0.009 would require significant market shifts. Specifically, SHIB must rally 9,890% and 29,890% to attain $0.003 and $0.009, respectively.
While Shiba Inu experienced a more remarkable percentage growth within a year in 2021, the likelihood of a similar occurrence in the near future appears less certain.
For instance, Changelly’s researchers argued that Shiba Inu may reach $0.003 and $0.009 levels sometime around 2040. The Analytics platform Telegaon aligns with this timeline, forecasting that Shiba Inu will approach these prices between 2035 and 2040.
$SHIB #SHIB #memecoins