The whales/institutions that built a large position in SHIB two years ago have now made a profit of $13.75 million

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Cointime2024/06/07 03:28

By:Cointime

According to on-chain analyst @ai_9684xtpa, as reported by Jinse Finance, the whale/institution that made a large investment in SHIB two years ago appears to be preparing to take profits in batches, with a current profit of $13.75 million.

Address 0x465...FDb12 (marked as AmberGroup's associated address by Arkham) transferred 1.36 trillion SHIB (worth $17.23 million) from Binance between September 2022 and February 2024, with an average cost of $0.0000126619.

4 hours ago, 1.11 trillion SHIB was transferred to a new address 0x7b6...58d90, with 7.09 billion coins deposited into Binance, which would yield a profit of $90,000 if sold in full.

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