Surprising Move from Meme Coin Whale: He Sold His Assets Amid the Price Increase!

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Whale Alert is an influential company that has recently taken steps to capitalize on gains from SHIB. Shiba Inu Provided information regarding the investor’s movement.

In a recent tweet, leading crypto surveillance service Whale Alert documented the movement of the highly traded SHIB token to a famous market maker.

Whale Alert specifically reported that 299,960,261,700 SHIB tokens were moved from an unnamed destination to Wintermute, a well-known liquidity provider in the crypto world. explained.

At the time of the announcement, the monetary value of the transferred tokens was $10,662,837.

Cash Out Move

Given Wintermute’s reputation for providing a path to liquidity for influential investors, the latest transfer to the platform from this SHIB whale suggests a move to profit amid recent gains in Shiba Inu’s market value.

Especially SHIB, BitcoinIt is among the leading digital assets that have impressively recovered from the recent bearish impact of .

Especially meme coinhas recorded a 28% rise from the Bitcoin-influenced low of $0.00002942 to $0.00003775 in the last three days.

Meanwhile, the recent 299 billion SHIB transfer to Wintermute is not the first example of such a transaction from this whale. Blockchain data offers important details about this whale’s Shiba Inu token movements this month alone.

On March 5, this Shiba Inu wallet acquired a store of SHIB 240 billion from US-based exchange Robinhood. The wallet was transferred to Wintermute within minutes.

Similarly, the Shiba Inu investor mined 168 billion SHIB tokens from Robinhood to the market maker the next day. This Shiba Inu whale repeated similar moves on March 7. Yesterday, he made his latest Shiba Inu cash release through Wintermute.

Cumulatively, this whale transferred 863,991,664,838 SHIB tokens to Wintermute this month. At SHIB’s market cap of $0.00003554, these moved tokens have a monetary value of $30,706,263.

Koinfinans.com As we reported, it is noteworthy that these transactions coincide with the period when SHIB reached its highest levels in recent years in the last two weeks.

Source : The Crypto Basic


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