SHIB Whale sold for billions after holding for 2.5 years

The giant whale deposited 311.6 billion SHIB (approximately US$2.97 million) into Binance and sold 110 billion SHIB on DEX for US$1.01 million.

This sale resulted in the whale losing $6.32 million (loss ratio -61.4%) after holding the currency for 2.5 years.

This situation is truly a startling shift for the ecosystem. As prices continue to rise, the selling price of Shiba Inu has exceeded the iconic figure of 421 billion SHIB. According to a Spot On Chain report, the whale had been holding the meme coin collection for over two and a half years and finally decided to sell it.

On Sunday, the asset saw modest gains, rising just 0.32% to trade at $0.0000096. The SHIB Army is then looking to remove another zero from the price and decide whether this is feasible before March rolls around.

SHIB Whale sold billions after holding it for 2.5 years

In recent years, with the rise of meme coins in the field of digital assets, especially It’s the popularity of tokens like Dogecoin (DOGE) that continues to grow, and people’s attention to these cryptocurrencies is gradually increasing. This trend reflects the industry-wide emphasis on network utility, and the growth of various network utilities is one reason for this increased interest. As a unique form of digital assets, meme coins combine elements such as hot topics on the Internet, social media influence, and financial speculation to provide users with a new digital asset experience. As interest in digital asset investment continues to grow, the popularity of memecoins has also become an important part of the digital asset market. Shiba Inu plays an important role in this space and has seen positive price momentum recently, triggering People pay attention. Recent news that a large investor sold more than 421 billion SHIB came as a surprise since the investor had been holding the tokens for over 2.5 years. Even more surprising is that the sale is said to be at a loss. This transaction triggered speculation and discussion in the market, and people speculated on the motive and purpose of this big investor. This incident has once again highlighted the volatility and uncertainty of the cryptocurrency market, reminding people to remain vigilant and control risks when investing. The actions of this large investor may

In the past 20 hours, 500 billion Shiba Inu coins have been sold, all at a loss. Conversely, SHIB's average price was $0.000009437 across $421.6 billion in sales. Additionally, these tokens were first available on HTX in November 2021. The whale lost a total of more than $6.32 million in the sale, the report states.

Despite this, the asset continues to rise. Just last week, the asset came very close to finally eliminating zero.

Specifically, it traded at $0.00000993 before falling 6% for the rest of the week. Despite this, the asset's performance remains positive thanks to the development team's unremitting efforts. In fact, the combustion mechanism and constant network evolution keep people confident in the potential of SHIB.

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