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#MyGateTradeStory
One of Shiba Inu’s early investors has sold a substantial amount of SHIB over the past month.
In 2020, a major investor bought 103 trillion SHIB for just 37.8 ETH, which was worth about $13,700 at the time, and held 17.4% of the total supply; within the last month, the investor has gradually sold 3.8 trillion SHIB.
The current value of these sales was calculated to be approximately $20.73 million. Over the same period, the price of Shiba Inu fell by 14.5%.
The 103 trillion Shiba Inu acquired by the whale in 2020 reached a value of about $9.1 billion during the period when prices peaked in 2021. However, it appears the investor has sold only a small portion of their holdings despite the years that have passed.
According to the data, the wallet still holds approximately 96.27 trillion SHIB. This amount is equivalent to about 16.3% of SHIB’s total circulating supply and is worth roughly $457 million at current market prices.
One of the most talked-about memecoins of its time, Shiba Inu (SHIB), is currently trading at a level that is 94.72% lower than its all-time high at the time of writing.
NOT INVESTMENT ADVICE