28 oct 2021 09:07 GMT
In total, the individual accumulated in his purse 70,200,003,182,869 Shiba Inu valued at about 5,168 million dollars.
In what appears to be one of the brightest trades in the cryptocurrency market, an anonymous trader bought Shiba Inu (SHIB) for $ 3,400 in August 2020, Coin Telegraph reports.
Since the beginning of October, the price of the meme cryptocurrency, created as an alternative to dogecoin, has followed the upward trend and has already increased in value by a 947,7 % in the last 30 days, according to data from the CoinGecko portal. Meanwhile, in the last year, the price of the digital currency soared more than 83.912.405 %.
In August of last year, the anonymous account acquired Shiba Inu nine times for a total of $ 3,400 in WETH. Since then, he has bought that cryptocurrency more than 40 times with the largest one-time acquisition worth $ 3,200. In total, the individual accumulated in his purse 70.200.003.182.869 Shiba Inu. Given current prices, the trader would have earned about 5.168 million dollars.
“The question is, can the SHIB market absorb the $ 5.7 billion if this wallet sells it?”
a Twitter user.
So the question is, can the SHIB market absorb $5.7b if this wallet sells?— ᴜɴᴛʀᴀᴄᴇᴀʙʟᴇ (@DontTraceMeBruh) October 27, 2021