An entity that re-purchased SHIB tokens for 4,849 WETH in nearly 5 hours had profited $145 million from SHIB

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Bitget2024/06/05 07:42

According to Spot On Chain monitoring, an early buyer entity made a $145 million profit from SHIB and repurchased the token two years later. In the past five hours, the entity exchanged 4,849 WETH (about $18.5 million) for 715.8 billion SHIB, a 4.6 percent increase in price. The entity still holds 9,207 ETH and WETH (about $34.9 million) and may continue to buy more of the token.

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