A cryptocurrency whale purchased 850,725,737,245 SHIB yesterday at a price of $36,076,996. Today, this investment is now worth $41,243,183 - a profit of $5.15 million.
Transferring the SHIB at 9:03 PM UTC on November 18, the transaction went through when SHIB cost $0.00004397. At the time of writing, SHIB is up 19% in the last 24 hours, with SHIB costing $0.00005115 (via CoinGecko).
Given the wallet that sent this SHIB was Coinbase, this was either the cryptocurrency exchange creating a new wallet, or an already-existing whale removing their tokens from Coinbase.
A New SHIB Whale?
As is often the case with large transactions, this wallet is completely new, holding only SHIB and having only made one transaction, according to Etherscan.
The transaction cost the wallet just 0.0225 ETH - around $90.
SHIB holders who noticed the large transaction welcomed the new whale to the ShibArmy community. However, they did ask them not to sell if Shiba Inu reaches a new all-time high (ATH).
This comes as SHIB saw a minor recovery after a period of consistent dips, once again breaking the $0.00005 barrier. However, it remains some 46% down from its ATH of $0.00008616.
SHIB was not the only Inu-based coin to recover today. Floki Inu surged by 67% to $0.00022898, with the memecoin announcing several partnerships with Indian and Spanish football clubs.
Read More: NOWPayments Explains Why It Supports SHIB Payments
[Image: Thomas Kelley/Unsplash]