Altcoin Whale Trades 1K $WETH for 149.3 $SHIB Tokens

A whale has recently utilized $WETH tokens to purchase $SHIB coins. The on-chain analytics provider SpotOnChain noted that the whale spent up to 1K $WETH to buy nearly 149.3 $SHIB tokens in the last hour. The analytics platform took to its official account on the social media platform X to offer the details of this development.

An early buyer-linked whale just swapped 1K $WETH ($3.83M) for 149.3 $SHIB in the past hour!

The whale’s last $SHIB activity was selling 167B $SHIB ($6.13M) 3 years ago. These tokens were received from a super early buyer who bought 5.16T $SHIB with only 45 $ETH ($63.7K) on Mar… pic.twitter.com/ZrFkYZwtEB

— Spot On Chain (@spotonchain) June 5, 2024

A Whale Buys 149.3 $SHIB Coins with 1k $WETH

As per the analytics forum, the 1K $WETH tokens equal a huge amount of up to $3.83 million. The platform revealed that the last activity of the whale regarding the $SHIB tokens had taken place nearly three years back. According to SpotOnChain, the whale sold approximately 167 billion $SHIB coins at that time. The analytics firm mentioned that the respective tokens had a worth of up to $6.13 million.

It brought to the front that the whale obtained these tokens from an early purchaser. The early buyer purchased a significant amount of almost 5.16 trillion $SHIB coins on the 1st of March in 2021. While making that purchase, the early purchaser just bought 45 $ETH along with the aforementioned $SHIB tokens. The purchased $ETH had a worth of up to $63.7K.

The Whale Still Holds 1,169 $WETH Tokens and May Purchase More $SHIB

The analytics company moved on to say that the whale still possesses a handsome amount of $WETH. The current $WETH token holdings of the whale include 1,169 tokens (equaling nearly $4.45 million). SpotOnChain anticipates the whale to purchase more $SHIB tokens in the future.

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