ChainCatcher reported, citing on-chain analyst Ember, that a top early Shiba Inu holder moved 1.07 trillion SHIB on Tuesday, a transfer valued at about $4.94 million based on the figures in the report. The wallet originally bought 103 trillion SHIB in 2020 for just 37.8 ETH, or roughly $13,700 at the time, representing 17.4% of the token’s total supply.
According to the report, that 103 trillion SHIB position was worth as much as $9.1 billion at its 2021 peak. The address has since sold 11.73 trillion SHIB across 2021 and this year for about $74.74 million in total, at an average price of around $0.0000064 per token. After the latest transfer, the wallet still holds 91.6 trillion SHIB, valued at about $418 million based on the same data set.
The update focuses on wallet activity and position size disclosed by the analyst, without giving extra details on the destination of the transferred tokens.
ChainCatcher, citing on-chain analyst Ember, reported that an early Shiba Inu whale moved 1.07 trillion SHIB on Tuesday, a transfer valued at about $4.94 million based on the figures provided in the report.
The wallet bought 103 trillion SHIB in 2020 for 37.8 ETH, or about $13,700 at the time, accounting for 17.4% of the token’s total supply. That position was worth as much as $9.1 billion at the 2021 peak. The address sold 11.73 trillion SHIB across 2021 and this year for about $74.74 million in total, at an average price of roughly $0.0000064. It still holds 91.6 trillion SHIB, valued at about $418 million, according to the report.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
