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The post Dormant Shiba Inu Investor Dumps Billions of SHIB for 83% Loss After Buying March 2024 Top appeared on BitcoinEthereumNews.com. A mid-tier crypto investorThe post Dormant Shiba Inu Investor Dumps Billions of SHIB for 83% Loss After Buying March 2024 Top appeared on BitcoinEthereumNews.com. A mid-tier crypto investor

Dormant Shiba Inu Investor Dumps Billions of SHIB for 83% Loss After Buying March 2024 Top

Author: BitcoinEthereumNews
Source: BitcoinEthereumNews
2026/03/16 03:40
2 min read
SHIB
SHIB$0.000006291+7.74%
XRP
XRP$1.4851+5.22%
DOGE
DOGE$0.1023+6.68%
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A mid-tier crypto investor, this category is often referred to on the crypto market as a “shark,” decided to get rid of his Shiba Inu (SHIB) holdings, locking in a crushing loss of 83.2% in dollar terms. As it became known thanks to data from the Arkham platform, the owner of wallet “0xb0e8” today broke a two-year silence, executing a series of transactions to the world’s largest crypto exchange, Binance.

Buy top, sell bottom: Shiba Inu (SHIB) edition

The chronology of this SHIB “hodling” episode is, to the core, a true story of crypto in a nutshell. First, two years ago, in March 2024, the “shark investor” withdrew 14.5 billion SHIB from Binance’s hot wallet. At that moment, the market value of the position was more than half a million dollars.

Chronology of Wallet ‘0xb0e8’ Transactions with Shiba Inu (SHIB), Source: Arkham

Then a period of inactivity followed, and for two years the wallet remained practically inactive. The only transactions during this time were various spam transfers. And just an hour ago, the investor transferred all his reserves, those same 14.5 billion SHIB, back to Binance. The position literally lost more than 83% over two years, or $422,000.

XRP Teases ‘Big Bang’ Scenario Ahead of March 19: Bollinger Bands, Dogecoin (DOGE) Jumps 176% to Break 6-Figure Threshold in Active Addresses, Shiba Inu Coin Sees 63.772 Billion SHIB Unlock on Bitget — Morning Crypto Report

Ethereum Has Nearly 60% Chance of Losing Second Spot

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Those who remember March 2024 know that the price of SHIB reached its latest peak at that time. In just two weeks, the Shiba Inu token rose to $0.00004546, marking an astonishing 372% increase since the beginning of March.

Shiba Inu (SHIB) Price Action Since 2024 to March 2026, Source: TradingView

Now trading at $0.00000585, this means that the price of SHIB has fallen about 87% since that moment. Which means that the “shark” investor from today’s story did, in fact, buy at the very top of SHIB two years ago.

Source: https://u.today/dormant-shiba-inu-investor-dumps-billions-of-shib-for-83-loss-after-buying-march-2024-top

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