Early Memecoin Investor Swaps Losing $SHIB Position With $FET! 

Author: Elena R

Elena R

Author

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Aug 31, 2024 12:04

Today, a whale has swapped 255.26 Billion SHIB tokens worth $3.5 Million for FET tokens. Reportedly, this whale is an early Shiba Inu investor has has recorded a 52X ($145 Million) profit between 2021 and 2022. However, since June this whale has booked a loss of $11.51 Million (-45.9%) on his latest buy. Moreover, with 3.114 Million FET crypto tokens, this whale still holds 713 Billion SHIB memecoins worth $10 Million.