3.5-year-inactive Shiba Inu investor sells 48.09B SHIB tokens for $1.1m, marking a 419x profit.
A Shiba Inu investor, inactive for 3.5 years, sold 48.09 billion SHIB tokens for $1.1m, marking a 419x profit after purchasing for $2,625 in February 2021. This follows a surge in altcoin's value and increased trading volume for large SHIB transactions. The investor's move coincides with the approval of spot Ethereum ETFs in the US, expected to increase liquidity and drive up activity within the Ether ecosystem.
May 27, 2024
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