Shiba Inu, PEPE Whales Cash Out Big Time – Here’s How Much They Sold Shiba Inu and PEPE Whale investors have cashed out large amounts – Find out the exact sales figures
Spot On Chain, an on-chain analysis platform, has brought to light the impressive profits made by two traders in the crypto community through their trading of Shiba Inu and Pepe tokens. This latest advancement underscores the potential profits that can be gained from investing in these types of cryptocurrency tokens. Large investors are cashing out significant amounts from Shiba Inu and PEPE. Spot On Chain shared in a post on X (formerly Twitter) about a whale who had transferred 8003 SHIB tokens (equivalent to $2800 million) to the crypto exchanges Gemini and Crypto. com in an act of selling securities to realize gains. According to reports, this investor purchased 211 trillion SHIB tokens for only 20.000032 ETH around four years ago. This suggests that Dogecoin continues to outperform Shiba Inu and PEPE in a key measurement. In the past, he bought these tokens for a total of $29.015 million, at an average price of $0.000001625 for each SHIB. Following that, the trader has consistently been cashing out profits at various intervals and has sold 15.254 trillion SHIB for $72.895 million, generating a realized gain of $113 million with an average price of $0.000004779 per SHIB. Even though most of the SHIB tokens have been sold (leaving only 2.6 trillion SHIB), the trader still maintains an unrealized gain of more than $80 million from selling the remaining tokens. The recent increase in price of SHIB has greatly increased the trader’s profits, even though they only have 2.6 trillion SHIB remaining. Additionally, Spot On Chain reported that another investor made millions from the recent price surge of PEPE.