Data: ETH Whale sold most of its positions in SHIB after buying SHIB worth more than US $2.7 million

On February 14, according to WhaleStats, about 14 hours ago, an ETH whale named “BlueWhale0073” bought 223077962531 SHIBs, valued at $2755012. So far, however, there are 2008469542 SHIBs in the wallet, and its owner has sold most of the SHIB positions. His current holding of SHIB accounts for 2.48% of his portfolio, with a value of $24784.

Interpretation of this information:

The message presents the recent trading activity conducted by an ETH whale, BlueWhale0073, on the cryptocurrency SHIB. As per WhaleStats, BlueWhale0073 purchased 223,077,962,531 SHIB tokens worth $2,755,012 on February 14, indicating a significant investment in the cryptocurrency. However, the whale has already sold off most of the tokens, and there are presently 2,008,469,542 SHIBs left in the wallet.

Additionally, the current value of the remaining SHIBs in the wallet is $24,784, representing only 2.48% of the whale’s portfolio. This suggests that BlueWhale0073 may have viewed SHIB as a short-term investment or may have diversified their portfolio by investing in other cryptocurrencies or assets. It is also possible that the whale might sell the remaining SHIBs anytime soon, which could lead to a decline in the cryptocurrency’s price.

Overall, the message portrays the involvement of a significant ETH whale in the SHIB cryptocurrency exchange. Although the initial investment was substantial, the whale has already liquidated most of the investments and has only a minimal amount left in their portfolio. Therefore, it is still unclear whether SHIB would experience a significant increase in the coming days or not.