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▲ Shiba Inu (SHIB)
An early investor in Shiba Inu (SHIB) has realized a profit of $660 million, recording a return of approximately 48,000 times.
The crypto media outlet The Crypto Basic analyzed the profit status of an early Shiba Inu investor in an article reported on May 1 (local time). According to the outlet, the whale investor recently transferred some of their holdings to an exchange. The confirmed cashed-out profit is $660 million.
This investor accumulated a large amount of Shiba Inu at the end of 2020. At that time, the investment amount was very low compared to its current value. As the price of Shiba Inu surged, the return on investment reached 48,000 times. This is an unprecedented scale of profit in the history of virtual asset investment. The market is paying attention to the scale of profit realization by a single investor.
Even after realizing profits, the whale still holds 9.9 trillion SHIB. Converted to current market prices, this is worth hundreds of millions of dollars. The remaining holdings of the whale could act as potential selling pressure on the market. Investors are monitoring the movement of this wallet in real-time.
The Shiba Inu ecosystem maintains its support even with the whale's selling off of holdings. Burning activities through Shibburn are regulating the supply. Adoption cases of the Layer 2 network Shibarium are also increasing. Shiba Inu is stably maintaining its trading volume amidst Bitcoin (BTC) volatility.
This case demonstrates the first-mover advantage for early investors. Portfolio management by large asset holders directly impacts market liquidity. Shiba Inu continues its technical updates and community activities. The flow of on-chain data is expected to be a key indicator for future price formation.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. This content should be interpreted for informational purposes only.*
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