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#SHIB At the height of the memecoin craze, Shiba Inu (SHIB)—which even surpassed Dogecoin in its early days—is now being sold by an early whale.
One of Shiba Inu’s early investors has sold a substantial amount of SHIB over the past month.
In 2020, a major investor bought 103 trillion SHIB for just 37.8 ETH, which was worth about $13,700 at the time, and held 17.4% of the total supply; within the last month, the investor has gradually sold 3.8 trillion SHIB.
The current value of these sales was calculated to be approximately $20.73 million. Over the same period, the price of Shiba Inu fell by 14.5%.
The 103 trillion Shiba Inu acquired by the whale in 2020 reached a value of about $9.1 billion during the period when prices peaked in 2021. However, it appears the investor has sold only a small portion of their holdings despite the years that have passed.
According to the data, the wallet still holds approximately 96.27 trillion SHIB. This amount is equivalent to about 16.3% of SHIB’s total circulating supply and is worth roughly $457 million at current market prices.
One of the most talked-about memecoins of its time, Shiba Inu (SHIB), is currently trading at a level that is 94.72% lower than its all-time high at the time of writing.
NOT INVESTMENT ADVICE
#MyGateTradeStory
One of Shiba Inu’s early investors has sold a substantial amount of SHIB over the past month.
In 2020, a major investor bought 103 trillion SHIB for just 37.8 ETH, which was worth about $13,700 at the time, and held 17.4% of the total supply; within the last month, the investor has gradually sold 3.8 trillion SHIB.
The current value of these sales was calculated to be approximately $20.73 million. Over the same period, the price of Shiba Inu fell by 14.5%.
The 103 trillion Shiba Inu acquired by the whale in 2020 reached a value of about $9.1 billion during the period when prices peaked in 2021. However, it appears the investor has sold only a small portion of their holdings despite the years that have passed.
According to the data, the wallet still holds approximately 96.27 trillion SHIB. This amount is equivalent to about 16.3% of SHIB’s total circulating supply and is worth roughly $457 million at current market prices.
One of the most talked-about memecoins of its time, Shiba Inu (SHIB), is currently trading at a level that is 94.72% lower than its all-time high at the time of writing.
NOT INVESTMENT ADVICE