Whale 0x42a just deposited all 1.088T SHIB ($18.12M) to Binance at $0.00001666:

• transaction: 0xaa738fddb65a4e2d1d2c27f325d33a02ed31b9fb3bd22aedad3ae24866777194
• address: 0x42a0844790aa89c4d501a4ccc9c178d4810c42f8

Notably, the whale received those SHIB tokens via 3 transactions in the past hour.

Tracing back the sources, we identified that these SHIB tokens were withdrawn from Binance at $0.000009305 on average (estimated cost: $10.12M) between November 24 and December 22, 2023, the market bottom.

• SHIB accumulating wallet 1: 0xa6561fd7ba61872151b26a914faf2b427a36b5e9
• SHIB accumulating wallet 2: 0xfa222e2a8b4ddd5cbc27a135bbf3b2695a62a6dc
• SHIB accumulating wallet 3: 0xf17f63ea7d757579af89f6933c8e84c5345d01b8

If truly selling now, the whale would realize an estimated profit of $8M (+79%) after 7 months. However, the whale used to have an unrealized profit of $29M at the peak of SHIB in March.

Fig 1. Whale 0x42a's overall SHIB trading history.