图片

Story Highlights

  • A savvy SHIB investor recently sold 250 billion tokens, turning $3,800 into $109 million.

  • During the period when the token's price reached an all-time high, the early investment by the whale grew to $1.22 billion.

  • The price of Shiba Inu has fallen to $0.0000241, raising concerns about its short-term performance.

Shiba Inu (SHIB) proves to be more than just a meme coin, with a remarkable price increase of 153.3% over the past year.


Recently, a savvy Shiba Inu whale reportedly sold 250 billion SHIB tokens for $6.05 million, with a total profit of $109 million.

Early investments pay off

According to blockchain analytics platform Lookonchain, the journey of the whale with SHIB began on August 6, 2020, when they invested $3,800 to purchase a hefty amount of SHIB tokens worth $15.28 trillion.

https://twitter.com/lookonchain/status/1869602660137283964

However, as the value of SHIB skyrocketed over time, this early investment ultimately changed the game. At its peak, the whale's holdings were worth $1.22 billion, making it one of the most profitable trades in the cryptocurrency market.

Even after selling most of its holdings, this giant whale still holds 2.15 trillion SHIB tokens, worth $52.18 million. Meanwhile, the total profit from this investment amounts to $109 million.

Shiba Inu Price Update

Shiba Inu (SHIB) is facing increasing pressure, with its price dropping by 5.57% in the past 24 hours. It is currently trading at approximately $0.0000241, with a market cap of $14.1 billion. The recent decline has raised concerns about SHIB's short-term downturn.

Technical indicators such as Bollinger Bands suggest that SHIB's price may decline in the short term. The lower Bollinger Band indicates that the token's price could drop to $0.0000238 and may fall to around $0.0000228 as it seeks a local bottom.

Although SHIB continues to decline, it is approaching the critical 50 EMA level, which could become a turning point. If the token finds support at $0.000024, it may rekindle investor interest and achieve a potential recovery.