Shiba Inu Whale Nets $120 Million in Profits, Offloads 100B Tokens

• An early SHIB investor sold 100 billion $SHIB to Gemini, making a profit of $2.8 million.
• Despite the sale, the investor still holds 2.5 trillion SHIB, valued at $73 million.
• This investor has earned over $120 million in profits from Shiba Inu so far.

An early SHIB investor has just dumped 100B $SHIB to the crypto exchange Gemini. This move follows the incredible performance Shiba has had over the past few days – growing by over 35% in the week. 

The sellout report by Spot On Chain on Twitter revealed that the whale by the wallet “0xd6b” has made massive profits off of the memecoin. This recent dump of around $2.8 million is only part of his SHIB holdings. 

Moreover, the analysis platform reveals that this investor still holds around 2.5 trillion SHIB, worth about $73 million. As an early buyer, it is estimated that this investor made over $120 million in profits from holding Shiba Inu so far. 

Shiba Inu Loses Momentum – Still Profiting on Weekly Chart

SHIB started November 13 trading at $0.00002675. At this time the asset had been riding a massive bullish momentum – pumped by the market boost it had this week. 

However, Shiba Inu saw a retraction on this day. Currently, it trades at $0.00002558 – at a 4.75% deficit according to CoinMarketCap.

However, on a larger scale, SHIB still trades at a massive profit. Over the week the memecoin grew by over 35%, adding to the 200% yields over the last year.