In a significant move, one of the early whale investors in Shiba Inu (SHIB) has made waves by transferring a staggering 200 billion SHIB tokens to exchanges in the last five days, according to Etherscan data. This massive transfer, equivalent to a whopping $5 million, comes while the investor still holds a significant amount of 2.8 trillion SHIB, valued at approximately $87.64 million.
In a significant move, one of the early whale investors in Shiba Inu (SHIB) has made waves by transferring a staggering 200 billion SHIB tokens to exchanges in the last five days, according to Etherscan data. This massive transfer, equivalent to a whopping $5 million, comes while the investor still holds a significant amount of 2.8 trillion SHIB, valued at approximately $87.64 million.
The mysterious whale’s journey with Shiba Inu began four years ago when they exchanged 10 ETH, then valued at $3,500, for a staggering 15.277 trillion SHIB tokens. Over the years, the investor has actively participated in the trading of the meme token, observing notable periods of buying and selling.
Notably, a surge in activity was seen from August to October 2021, during which the SHIB price soared by 1.382%, reaching an all-time high of $0.00008854 per token. During this period, the enigmatic whale offloaded more than half a billion SHIB tokens, taking advantage of the price surge.
Despite the periods of selling, the investor resumed purchasing SHIB tokens a year ago, with the last recorded purchase being made on November 18, 2022. However, the most recent wave of selling, which began before five days, has caught the attention of the market. observers.
Since December 2022, the investor has systematically sold SHIB tokens every few months, culminating in the recent SHIB price increase by 112%. However, this rise represents only a fraction of SHIB’s overall upward trajectory, with the meme token’s value increasing by over 377% in the last two weeks alone.
