A whale sold 5.39 million USD of SHIB tokens, making a profit of over 15 million USD
According to Spot On Chain early memecoin holders have started cashing out following the market disturbance caused by the new Trump token. A SHIB whale named "0x3de," who has held the coin for four years, sold 216 billion $SHIB for 1,587 ETH (approximately $5.39 million) about three hours ago. The whale purchased 664.22 billion $SHIB for only $4,510 in February 2021 and still holds 38.4 billion tokens (valued at approximately $832,000), with a cumulative profit of $15 million and a high yield of 30,000%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
TRUMP memecoin helps SOL price beat Ethereum — Solana's TVL jumps to $12B
Price analysis 1/20: SPX, DXY, BTC, TRUMP, ETH, XRP, BNB, SOL, DOGE, ADA, LINK
Trump Begins Term with Focus on Energy and Other Topics Like Cryptocurrencies
XRP May Become US Federal Reserve Asset