One of the first Shiba Inu investors made a significant investment $SHIB sales over the past month.
The giant investor, who in 2020 bought 103 trillion $SHIB for just 37.8 ETH, or around $13,700 at the time, and held 17.4% of the total supply, gradually sold 3.8 trillion $SHIB over the past month.
The current value of these sales is estimated at approximately $20.73 million. The price of Shiba Inu dogs, however, decreased by 14.5% during the same period.
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The 103 trillion Shiba Inu purchased by the whale in 2020 reached a value of around $9.1 billion in 2021, when their price peaked. However, it appears that the investor has only sold a small part of his assets despite the years that have passed.
According to the data, the portfolio in question still contains around $96.27 trillion. $SHIB. This amount represents approximately 16.3% of the total $SHIB the offering and is worth approximately $457 million at current market prices.
Shiba Inu$SHIB), once one of the most talked about memecoins, is currently trading 94.72% below its all-time high at the time of writing.
*This does not constitute investment advice.