In what appears to be one of the brightest trades in the cryptocurrency market, an anonymous trader bought Shiba Inu (SHIB) worth $ 3,400 in August 2020, pick up Coin Telegraph.
Since the beginning of October, the price of the meme cryptocurrency, created as an alternative to dogecoin, has followed the upward trend and has already increased its value by a 947,7 % in the past 30 days, as shown by the data from the CoinGecko portal. Meanwhile, in the last year, the price of the digital currency soared more than 83.912.405 %.
In August of last year, the anonymous account acquired Shiba Inu nine times for a total of $ 3,400 in WETH. Since then, he has purchased that cryptocurrency more than 40 times with the largest one-time acquisition worth $ 3,200. In total, the individual accumulated in his coin purse 70.200.003.182.869 Shiba Inu. Given current prices, the trader would have earned about $ 5.168 billion.
“The question is, can the SHIB market absorb the $ 5.7 billion if this wallet sells it?” questioned a Twitter user.
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