Advertise
Mustafa Mulla
Mustafa Mulla
Author
Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
- Dec 19, 2024 06:21 UTC
-
Shiba Inu Whale Makes $109 Million Profit Amid SHIB Price Crash
A savvy SHIB investor turned $3,800 into $109M, selling 250 billion tokens recently.
The whale’s early SHIB investment grew to $1.22 billion during the token’s all-time high.
Shiba Inu’s price declined to $0.0000241, raising concerns about its short-term performance.
Shiba Inu (SHIB) has come a long way from being a meme coin to a major player in the crypto world. With an impressive 153.3% price increase over the past year, SHIB continues to surprise investors and analysts.
Recently, a Shiba Inu whale made headlines by selling a huge chunk of tokens, yet still walked away with an astonishing $109 million profit. How?!
Read on for the full story.
Early Investment Pays Off
According to blockchain analytics platform Lookonchain, the whale’s journey began on August 6, 2020, with a small investment of $3,800 to buy 15.28 trillion SHIB tokens.
As SHIB’s price soared over time, the whale’s investment grew significantly. At its peak, their holdings were worth $1.22 billion, making it one of the most profitable trades in cryptocurrency.
Even after selling a large portion of its holdings, the whale still owns 2.15 trillion SHIB tokens, valued at $52.18 million. With total profits of $109 million from this venture, it highlights the power of early investments in Shiba Inu.
Shiba Inu Price Analysis
At the moment, Shiba Inu is experiencing pressure, with its price dropping 5.57% in the past 24 hours. Trading around $0.0000241, its market cap stands at $14.1 billion. This recent dip has raised concerns about SHIB’s performance in the short term.
Technical indicators, like the Bollinger Bands, suggest SHIB’s price might fall further in the short term. The lower band indicates the token could dip to $0.0000238, possibly reaching as low as $0.0000228 in search of a local bottom.
- Also Read :
- Whale Activity Increases Among These Altcoins—Are They Preparing for a Mega-Altseason?
- ,
Watch Out for THIS Key Level
Despite the current decline, SHIB is approaching a key level — the 50 EMA (Exponential Moving Average). If SHIB finds support around $0.000024, it could attract renewed interest from investors and set the stage for a potential recovery.
While the whale’s journey offers a glimpse into the power of early investment, SHIB’s next move remains anyone’s guess in this volatile market.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
By 2025, our price prediction forecasts that the Shiba coin price could be worth $0.00006392. With a potential surge, the price may go as high as $0.000321 by 2030.
As per the Shiba Inu price forecast, Shiba Inu’s price may trade at an average of $0.000210 for the year 2029.
As per our current price forecast, Shiba Inu can be bullish for the coming years but the jump to $1 seems a stretch.
Yes 
No 
