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

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, $SHIB 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

In particular, the on-chain analytics account mentions, this whale used three major assets to earn his enormous profits – Shiba Inu ($SHIB), Ethereum ($ETH) and Cronos ($CRO).

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 names $SHIB and $CRO 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

In the meantime, another whale is selling a large stash of Ethereum. According to an X post published by the @lookonchain blockchain sleuth, this wallet remained dormant for five years.

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.