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$1.6 Billion Profit Made on SHIB, ETH in One Year by Smart Whale: Details

Published 12/07/2023, 10:59 AM
Updated 12/07/2023, 11:00 AM
© Reuters $1.6 Billion Profit Made on SHIB, ETH in One Year by Smart Whale: Details
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U.Today - On-chain analytics account @0xReflection on the X social media platform has shared that an anonymous crypto trader has managed to earn a whopping $1,641,047,796 within one year, trading ETH, and CRO.

The X post stated that this whale has the great skill of being able to find cryptocurrencies with 100x lower market caps and, as a result of his trading, he boosted his crypto portfolio by a mind-blowing +3,475,758.8%.

Earning $1.6 billion on SHIB, ETH and CRO

Shiba Inu

Currently, the whale holds $441 million worth of Ethereum, and this is the largest part of his crypto portfolio – 27%. The average price he bought this ETH at over time constitutes $2,069. His profit and loss on ETH amounted to +$6,732,159.

Calling the whale’s portfolio impressive, the X analytics account as the other two biggest crypto in it. At the time of this writing, he holds $423,628,077 worth of CRO and $374,333,542 worth of SHIB. His profit and loss on these two coins has totaled +$7,178,953.36.

Dormant ETH whale begins selling

Now, he has deposited 39,260 ETH to the Kraken exchange. The data source notes that this whale accumulated 47,260 ETH at the price of $240 between June and August 2017. If he does complete the sale on Kraken, his profit would constitute approximately $78 million, @lookonchain says.

This article was originally published on U.Today

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