According to Spotonchain, a SHIB early buyer is converting their loss-making SHIB position into pump's FET Token. In the past 10 hours, the Whale has exchanged 255.62 billion SHIB (worth $3.5 million) for 3.114 million FET. It is worth noting that this Whale made a profit of $145 million (52 times) in the first SHIB transaction from February 2021 to June 2022. However, the recent SHIB Token transactions of this Address have not been good, with an unrealized loss of $11.51 million (-45.9%) since June 2024. The operation performed well when the FET price pumped 14%. Currently, the Whale still holds approximately 713 billion SHIB (worth around $10 million).