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A Shiba Inu super diamond trader has liquidated 48.09 billion SHIB tokens, followed by a secret message, raising questions about SHIB's market direction.
Dormant Shiba Inu Tokens Exchanged for 278.7 ETH via MEV Bot, Trader Earns $1.1 Million Profit
Shiba Inu tokens that had been dormant for the past three and a half years were exchanged for 278.7 ETH in a transaction facilitated by a Maximal Extractable Value (MEV) bot. This bot, designed to monitor the Ethereum blockchain for unique transactions, identified an advantageous opportunity and executed the transaction autonomously on behalf of its user. According to CoinGape, the total value of the transaction was 48.09 billion SHIB. According to transaction data, this MEV automated transaction was completed on May 27 at 3:20 PM UTC.
The recent MEV automated transaction involving the exchange of Shiba Inu tokens for 278.7 ETH was orchestrated by the Maximal Extractable Value (MEV) bot. This software application, meticulously designed to monitor the Ethereum blockchain for unique transactions and execute them autonomously, played a pivotal role in this significant event.
The “super diamond trader” made a strategic move in 2021, purchasing SHIB for a mere 2 ETH and selling it for a staggering $2,625. This move resulted in a profit of $1.1 million, a remarkable 419-times return on investment. This success story serves as a compelling testament to the potential of the cryptocurrency market.
A clever trader sold every SHIB, but the transaction was not bearish for the price of SHIB because an MEV bot executed it. A 25% weekly increase in the price of ETH is probably what prompted the transaction.
Following the transaction, funds were transferred to a 'smart money receptacle, a term used to describe a secure wallet or account used by sophisticated investors. This action was accompanied by a message indicating the purpose of the transaction. The transactions rewarded the elite diamond trader for their successful SHIB holdings, further demonstrating the potential for profit in the market.
Coinbase to Trade 1000SHIB Perpetual Contracts, SHIB Price Rises 6% Amid Growing Trader Interest
With the announcement that Coinbase will initiate trading of 1000SHIB perpetual contracts on May 30, traders are optimistic about Shiba Inu accumulation. Market participants speculate that the meme coin could potentially experience a surge akin to Pepe Coin's, sparking excitement in the cryptocurrency community.
The price of SHIB has increased by 6% over the last twenty-four hours and is currently $0.00002566. The respective 24-hour low and high are $0.00002417 and $0.00002615. Moreover, over the past twenty-four hours, the trading volume has increased by over 165%, signifying a tremendous amount of interest among traders.
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