As per on-chain data from Etherscan dated November 12, a smart whale sold 100 billion coins, worth $2.85 million, to the crypto #exchange Gemini to make profits amid Shiba Inuās bull run. According to data, the whale address 0xd6B made a massive transfer to the mentioned crypto exchange, making a profit.
Notably, per Lookonchain data, this whale spent $3.8K to purchase 15.28 trillion $SHIB
as early as August 2020, which totaled nearly $1.22 billion at the meme coinās peak. Further, after all, selloffs, the same address still held 2.5 trillion coins, worth $75. 2 million, boasting a profit record of $123 million on the dog-themed meme crypto. Notably, the smart whaleās existing holding indicates a sense of market confidence in the assetās potential to pump further.
Simultaneously, in another similar saga, the meme coin whale 0xa145B was recorded selling 83.36 billion coins worth $2.42 million to the crypto exchange giant Binance. However, even this whale still holds 373.26 billion coins, worth $10.82 million, solidifying optimism on the tokenās future movements. Overall, the abovementioned trade strategies have ignited a torrent of market optimism for the renowned dog-themed meme token.
