Shiba Inu (Shiba) news

Notable Shiba Inu (SHIB) Whale Investor Moves 200 Billion Tokens, Valued at $5 Million, in a Strategic Maneuver

In a significant move, one of the early whale investors in Shiba Inu (SHIB) has stirred up attention by transferring 200 billion SHIB tokens to exchanges over the past five days, as per data reports. This massive transfer, equivalent to $5 million, comes as the investor continues to retain 2.8 trillion SHIB, valued at approximately $87.64 million.

Four years ago, the investor exchanged 10 ETH, then valued at $3,500, for an impressive 15.277 trillion SHIB tokens. Over the years, the investor actively participated in trading the meme token, marking notable periods of buying and selling.

Notably, there was a surge in activity from August to October 2021, witnessing a remarkable 1,382% increase in the SHIB price, reaching an all-time high of $0.00008854 per token. During this period, the mysterious whale unloaded over half a trillion tokens, capitalizing on the price surge.

Despite selling periods, the investor resumed buying SHIB tokens a year ago, with the latest recorded purchase on November 18, 2022. However, the recent selling spree initiated five days ago has garnered market observers’ attention.

Read more Shibarium, Linked to Shib a Inu, Surpasses 400 Million Transactions, Demonstrating Growing Adoption in Cryptocurrency Space

Since December 2022, the investor systematically sold SHIB tokens every few months, reaching its recent peak in the latest surge. Nevertheless, this surge represents only a small part of SHIB’s overall upward trajectory, with the token’s value surging over 377% in the past two weeks alone.

Important Notice: Disclaimer Regarding Financial Advice
The information presented in this article is intended solely for informational purposes and should not be considered as financial advice. disclaims any responsibility for investment decisions made by individuals relying on the information provided herein. It is highly recommended to consult with a qualified professional or financial advisor before making any investment decisions. Your financial well-being is crucial, and seeking expert guidance ensures that your investment choices align with your individual financial goals and risk tolerance.

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