Data: An early SHIB buyer purchased over 3 million FET, worth 3.5 million US dollars

According to Spotonchain monitoring, an early SHIB buyer is converting his losing SHIB position into rising FET tokens. In the past 10 hours, this whale has converted 255.62 billion SHIB (worth $3.5 million) into 3.114 million FET. Notably, this whale made a profit of $145 million (up to 52 times) in its first trade of SHIB from February 2021 to June 2022. However, the recent SHIB token transactions at this address have not been good; since June 2024, his second transaction has an unrealized loss of $11.51 million (-45.9%). The operation performed well when the price of FET rose by 14%. Currently, the whale still holds about 713 billion SHIB (worth around $10 million).