Whale 0x541 just deposited all 197.99B SHIB ($4.88M) to Coinbase at $0.00002463 after 6 months of inactivity with the token:

• transaction: 0xe91b7b7ee667c684e76464f4a44ebfd7866e095b45cfb5d2c93ec51f52cad3b3
• address: 0x541ebad11c8875fa575e76562692a07883a1e36b

Notably, the whale allegedly bought those SHIB tokens from Coinbase and DEX at $0.000008468 on average (estimated cost: $1.68M) between October 10, 2021, and September 11, 2023. If truly selling now, the whale would realize an estimated profit of $3.2M (+191%) after 2.6 years!

Previously, the whale had realized an estimated loss of $176K (-15.1%) in the quick first SHIB trade:

• bought 138.568B SHIB at $0.000008385 on average, mostly after the price dropped following Vitalik Butterin's donation of $1B worth of Shiba Inu to India Covid relief on May 12, 2021;
• but then deposited all tokens to Coinbase too early at only $0.000007117 ($1.16M) on September 26, 2021, right before the price soared to its all-time high.

Fig 1. Whale 0x541's overall SHIB trading history.