Shiba

Ethereum

SLERF

April

Shiba Inu

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 <p>A deep-pocketed entity who made $120 million on Shiba Inu (SHIB) is suddenly accumulating the memecoin again, according to on-chain data.</p>
 <p>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.</p>
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 <p>Says Lookonchain,</p>
 <p><em>“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!”</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GPSvCXnbQAAy4pu?format=jpg&amp;name=4096x4096" alt="Image" width="2594" height="1138">
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   Source: Lookonchain/X
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 <p>The crypto tracker also noticed nine other wallets belonging to two entities making massive SHIB buys.</p>
 <p><em>“Nine wallets (two whales) spent $35.2 million to buy 1.356 trillion SHIB at an average price of $0.00002596 [on June 5th]!”</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GPUfpltbkAAAjKC?format=png&amp;name=4096x4096" alt="Image" width="3101" height="1988">
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   Source: Lookonchain/X
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 <p>SHIB Is trading for $0.00002604 at time of writing, up 6.7% in the last 24 hours.</p>
 <p>On the Solana (SOL) network, Lookonchain also noticed one crypto whale was staring at six-figure losses after continuing to accumulate sloth-themed memecoin SLERF.</p>
 <p><em>“A whale withdrew 2.91 million SLERF ($923,000) and 2,280 SOL ($378,000) from Gateio [on June 4th]. Then he spent 2,281 SOL ($378,000) to buy 1.17 million SLERF. He has bought 11.9 million SLERF ($4.09 million) at an average price of $0.3432 since April 25th and currently has a loss of $266,000.”</em></p>
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    <div class="css-175oi2r r-1mlwlqe r-1udh08x r-417010 r-1p0dtai r-16l9doz r-1d2f490 r-ywje51 r-pm9dpa r-dnmrzs r-u8s1d r-zchlnj r-ipm5af r-iyfy8q" aria-label="Image">
     <figure style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GPPPq7Ia0AA_wEz?format=jpg&amp;name=4096x4096" alt="Image" width="2578" height="1182">
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       Source: Lookonchain/X
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 <div class="css-175oi2r r-1awozwy r-16y2uox r-1wbh5a2 r-1777fci" data-testid="swipe-to-dismiss">
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   <div class="css-175oi2r r-1pi2tsx r-u8s1d r-13qz1uu">
    <div class="css-175oi2r r-1mlwlqe r-1udh08x r-417010 r-1p0dtai r-16l9doz r-1d2f490 r-ywje51 r-pm9dpa r-dnmrzs r-u8s1d r-zchlnj r-ipm5af r-iyfy8q" aria-label="Image"><span style="font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif;">However, the trader now appears to be in profit as Slerf is trading for $0.40 at time of writing, up more than 22% in the last 24 hours.</span>
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    <p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trader-that-made-120-000-000-on-shiba-inu-begins-accumulating-shib-again-on-chain-data-tbt91555.html">https://thebittimes.com/trader-that-made-120-000-000-on-shiba-inu-begins-accumulating-shib-again-on-chain-data-tbt91555.html</a></p>
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Trader That Made $120,000,000 on Shiba Inu Begins Accumulating SHIB Again: On-Chain Data

TheBitTimes

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