šŸšØ EARLY $SHIB WHALE STUNS CRYPTO COMMUNITY WITH MASSIVE 400 BILLION TRANSFER TO GEMINI šŸšØ

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.

šŸ“‰ Whale's Strategic Move

According to on-chain data, the whale initially purchased 15.2 trillion SHIB on August 7, 2020, for just 10 ETHā€”an 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 millionā€”a remarkable 3.7x return on their original investment.

āš ļø Will This Trigger a Market Reaction?

The whaleā€™s 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 SHIBā€™s price, sparking concerns among retail investors and smaller holders.

šŸ• 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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