According to Odaily Planet Daily, an early SHIB buyer is exchanging his losing SHIB positions for rising FET tokens. In the past 10 hours, the whale exchanged 255.62 billion SHIB (worth $3.5 million) for 3.114 million FET.
It is worth noting that this whale made a profit of $145 million (up to 52x) in his first trade of SHIB from February 2021 to June 2022. However, the address's recent SHIB token trading has not been good, and his second trade since June 2024 has an unrealized loss of $11.51 million (-45.9%).
The operation performed well when the price of FET increased by 14%. Currently, whales still hold 713 billion SHIB (worth about $10 million).
