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#SHIB Memecoin has reached its peak, even surpassing Dogecoin, Shiba Inu (SHIB), selling early whales.
One of the early Shiba Inu investors sold a large amount of SHIB in the past month.
In 2020, with only 37.8 ETH, about $13,700 at the time, bought 103 trillion SHIB and held 17.4% of the total supply, this major investor gradually sold 3.8 trillion SHIB over the last month.
The estimated sale value is around $20.73 million. Shiba Inu's price during the same period dropped by 14.5%.
The 103 trillion Shiba Inu bought by whales in 2020, reached a value of about $9.1 billion when the price peaked in 2021. However, it seems the investor only sold a small portion of their assets over the years.
Data shows that the wallet still holds about 96.27 trillion SHIB. This amount is equivalent to about 16.3% of the total SHIB supply and is worth around $457 million at current market prices.
One of the most talked-about memecoins of its time, Shiba Inu (SHIB), as of writing, is trading about 94.72% below its all-time high.
THIS IS NOT INVESTMENT ADVICE