Early SHIB investors buy another $18.5 million worth of SHIBs
An entity that was an early buyer of SHIB, which made a profit of $145 million, has been monitored for increasing its holdings of the token after 2 years.
In the last 5 hours, the entity exchanged 4,849 WETH ($18.5 million) for 715.8 billion SHIB.
The entity still holds 9,207 ETH and WETH ($34.9 million) and may continue to buy more.
Previously, the entity traded 8.29 trillion SHIB between February 2021 and June 2022. most of the SHIB were bought at the beginning of March 2021 and then sold during the peak period of October-November 2021 for a total profit of $145 million (+5201%).
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
WTI Price Forecast: Slides further below $100.50; bullish potential seems intact
A $5 billion single-product emerges? JPMorgan maintains a "Neutral" rating on Amgen (AMGN.US): A good drug doesn't necessarily mean a good buying opportunity.
Amgen's Imdelltra has maintained data with an HR of 0.42, nearly doubling survival time. Morgan Stanley estimates that it will become a single product with annual sales of around 5 billions USD. However, they maintain a Neutral rating and a target price of 350 USD.
Goldman Sachs: Yen Regains "Safe Haven King" Status, Becomes Most Effective Tool to Hedge Against AI Market Shocks
Goldman Sachs stated that the Japanese yen has become a better tool for hedging against AI shocks, with policy shifts reducing the risk of depreciation. The bank recommends shorting USD/JPY and EUR/JPY.
Crypto prices
More
