Shiba Inu Trader That Made $120M Resumes Buying More SHIB

A
Shiba
Inu
trader
who
previously
made
over
$120
million
trading
SHIB
has
begun
buying
more
of
the
asset
again.
According
to
on-chain
data
from
blockchain
tracking
firm
Lookonchain,
“a
SHIB
super
big
winner”
recently
spent
4,849
Ethereum,
worth
$18.44
million
at
the
time
of
the
transaction,
to
buy
715.9
billion
SHIB.

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Shiba
Inu
has
had
a
bullish
past
30
days,
seeing
the
asset
climb
a
modest
7%
in
the
past
month.
Price
predictions
around
the
asset
are
bullish
as
well,
likely
inspiring
the
SHIB
whale
to
resume
their
buying
spree
of
the
asset
that
previously
made
them
rich.
There
are
many
stories
of
“Shiba
Inu
millionaires”
who
earned
huge
profits
by
investing
in
cryptocurrency
early.
However,
not
many
times
are
there
stories
of
those
investors
coming
back
for
more
after
their
first
cash-out.
This
whale,
in
particular,
hopes
to
capitalize
on
bullish
momentum
around
the
asset
to
multiply
their
profits
this
summer.

SHIB
faced
a
significant
price
correction
last
week
but
is
slowly
recovering.
Many
analysts
anticipate
the
popular
dog-themed
crypto
to
continue
on
a
bullish
trajectory
over
the
next
few
weeks.
SHIB
is
currently
down
by
nearly
70%
from
its
all-time
high
of
$0.00008616,
which
it
attained
in
October
2021.

Also
Read:
Top
3
Meme
Coins
Other
Than
Shiba
Inu
To
Buy
For
10X
Gains
In
2024

According
to
some
analysts,
though,
Shiba
Inu
is
set
for
a
very
bullish
summer.
With
the
$0.0001
target
in
sight,
Shiba
Inu
bulls
are
gearing
up
for
a
potentially
explosive
rally
that
could
propel
the
asset
to
new
all-time
highs.
If
Shiba
Inu
manages
to
reach
the
$0.0001
target,
it
will
set
a
new
record
for
the
meme
coin.
The
meme
coin
would
then
surpass
its
current
all-time
high
(ATH)
of
$0.00008845.

At
press
time,
SHIB
is
trading
at
$0.00002582,
up
5%
in
24
hours.