Trader That Made $120,000,000 on Shiba Inu Begins Accumulating SHIB Again: On-Chain Data

Trader That Made $120,000,000 on Shiba Inu Begins Accumulating SHIB Again: On-Chain Data


A deep-pocketed entity who made $120 million on Shiba Inu (SHIB) is suddenly accumulating the memecoin again, according to on-chain data.

The blockchain tracking firm Lookonchain reports that “a SHIB super big winner” just spent 4,849 Ethereum (ETH), worth $18.44 million at the time, to buy 715.9 billion SHIB.

Says Lookonchain,

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“This guy spent only ~$400K to buy 5.5 trillion SHIB in the early stage and sold for ~$121 million at two peaks. He made more than $120 million on SHIB before, an amazing gain!”

Source: Lookonchain/X

The crypto tracker also noticed nine other wallets belonging to two entities making massive SHIB buys.

“Nine wallets (two whales) spent $35.2 million to buy 1.356 trillion SHIB at an average price of $0.00002596 [on June 5th]!”

Source:

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