CandleFocus Massive 400 Billion SHIB from Early Whale Stuns Major US Exchange
2024-12-19
Author: Content Editor
A whale who earned a profit of $108 million on Shiba Inu (SHIB) coins has deposited a large amount of the meme cryptocurrency to the Gemini exchange. The whale purchased 15.2 trillion SHIB for just 10 ETH in August 2020 and now owns 2 trillion SHIB worth $48.54 million. The Shiba Inu price has seen a 10% decline recently, partly due to whales liquidating their holdings. The market downturn is linked to Bitcoin's bearish trajectory caused by the Federal Reserve's statement on interest rates. However, BTC has shown some recovery, trading above $101,000.
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