Shiba

Ethereum

Pepe

FLOKI

Shiba Inu

<p>According to on-chain analytics firm Spotonchain, a trader labeled “Smart Trader PEPE and FLOKI 0x522” has <a href="https://platform.spotonchain.com/en/signal-details/smart-trader-switched-positions-from-shib-to-pepe-and-eth-67482" target="_blank" rel="noopener noreferrer nofollow">executed</a> a strategic repositioning of their cryptocurrency holdings. In a series of transactions on March 21, 2024, the trader divested a substantial amount of Shiba Inu (SHIB) tokens while simultaneously acquiring Ethereum (ETH) and Pepe (PEPE) coins.</p>
<h2 class="wp-block-heading" id="strong-trade-details-and-asset-movements-strong"><strong>Trade Details and Asset Movements</strong></h2>
<p>The trader initiated the portfolio rebalancing by depositing 42.08 billion SHIB tokens, valued at approximately $1.12 million at the time of the transaction, into their Binance account. Subsequently, they withdrew 100 billion PEPE tokens, worth around $813,000, and 64 ETH, valued at $224,000, from the same exchange.</p>
<p>This strategic move marks the culmination of the trader’s third trade involving SHIB. Overall, the investor has amassed an estimated total profit of $447,000 from trading SHIB, with a win rate of 66.67%. Notably, their latest SHIB trade, spanning from February 15, 2023, to March 21, 2024, yielded a substantial gain of $596,000, representing an 83.7% increase.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="628" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-937-1024x628.png" alt="" class="wp-image-456998" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-937-1024x628.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-937-300x184.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-937-767x470.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-937-1536x942.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-937-2048x1256.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-937-245x150.png 245w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-937-100x61.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-937-571x350.png 571w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-937-788x483.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-937.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Moreover, the trader’s involvement with PEPE has proven equally fruitful. While an initial trade in May 2023 resulted in an estimated loss of $30,600, the ongoing second trade has generated a profit of $4.27 million, with 300 billion PEPE tokens, worth approximately $2.46 million, still held in the trader’s wallet.</p>
<h2 class="wp-block-heading" id="strong-market-dynamics-and-price-movements-strong"><strong>Market Dynamics and Price Movements</strong></h2>
<p>Coinciding with the trader’s strategic shift, the prices of PEPE and SHIB experienced notable upswings in the 24 hours preceding the transactions. PEPE surged by 20.6%, while SHIB saw an 11.48% increase, according to data from Spotonchain at the time of the transactions.</p>
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<p>Furthermore, the latest price statistics from CoinGecko reveal that Ethereum (ETH) is currently trading at <a href="https://www.coingecko.com/en/coins/ethereum" target="_blank" rel="noopener noreferrer nofollow">$3,541.66</a>, representing a 6.32% price increase over the past 24 hours. Pepe (PEPE) is valued at <a href="https://www.coingecko.com/en/coins/pepe" target="_blank" rel="noopener noreferrer nofollow">$0.058209</a>, reflecting a 9.91% price surge, while Shiba Inu (SHIB) is priced at <a href="https://www.coingecko.com/en/coins/shiba-inu" target="_blank" rel="noopener noreferrer nofollow">$0.00002731</a>, marking a 5.00% increase.</p>
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<p>The post <a href="https://captainaltcoin.com/smart-trader-dumps-shiba-inu-shib-for-ethereum-eth-and-this-other-meme-coin/" rel="noopener noreferrer nofollow">Smart trader Dumps Shiba Inu (SHIB) For Ethereum (ETH) and This Other Meme Coin</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Smart trader Dumps Shiba Inu (SHIB) For Ethereum (ETH) and This Other Meme Coin

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