SHIB Whale Deposits $4.88 Million into Coinbase
CryptoNewsTerminal Staff17 May, 2024
SHIB Whale Deposits $4.88 Million into Coinbase
On-chain analyst The Data Nerd reports that a specific smart money/whale address (Gyarados123) has deposited 198 billion SHIB ($4.88 million) into Coinbase. The address started accumulating SHIB approximately 3 years ago at an average price of $0.00000085 and is currently holding an unrealized profit of $3.2 million, based on the current market price. This transaction indicates continued whale interest in SHIB and is likely to impact the asset's price positively. Traders and investors should monitor the situation to make informed decisions.
