A Corporate Whale’s Return to SHIB: From $400 Thousand to $145 Million in the Bull of 2021
In the world of memetokens, particularly those based on Solana (SOL), the spotlight has been on FLOKI and SHIB since the start of 2024, following their success in the bull run of 2021. One notable player in this arena is a corporate whale who, after previously amassing $145 million as a SHIB investor, has returned to collecting SHIB once again.
Spot on Chain reports that this whale, who had initially spent a mere $400,000 to acquire 5.5 trillion SHIBs, has now purchased 715.8 billion SHIB in exchange for 4,849 WETH valued at $18.5 million. With holdings of 9,207 Ethereum (ETH) and WETH worth $34.9 million, it is speculated that this investor may continue to increase their SHIB holdings.
The whale’s significant purchase of SHIB has already had a positive impact on the price, leading to an 8% increase in the last 24 hours. This investor’s previous success in profiting $145 million from SHIB, combined with their current buying spree, indicates a strong belief in the future potential of this altcoin.
As of now, SHIB is trading at $0.0000257, with the corporate whale’s return sparking renewed interest and optimism in the cryptocurrency market. While past performance is not indicative of future results, this whale’s strategic moves are closely watched by the crypto community for potential insights and trends.
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