Shiba Inu Investor Turns $2,625 Into $1.1M After 3.5 Years

Shiba Inu Experiences Meteoric 500% Surge in Burn Rate

A Shiba Inu trader’s patience led to a fortune after selling tokens held for nearly 40 months.

Massive SHIB Gain for Dormant Trader

An on-chain tracking platform, Lookonchain, reported the trader’s significant profit on Monday. 

The trader bought 48.09 billion SHIB tokens for 2 Ethereum ($2,625) on February 1, 2021.

Impressive Shiba Inu Return on Investment

After 3.5 years, the trader sold the tokens for 278.7 ETH, approximately $1.1 million, a 419X gain.

Read Also : SHIB and K9 Finance Announce New Airdrop on Shibarium

Potential SHIB Surge in Altcoins

Experts predict a major rally in altcoins, including SHIB, indicating potential value surges.

Whale Interest in SHIB Increases

Large SHIB transactions, worth over $100,000, saw a 200% increase in trading volume in the last 24 hours.

Long-Term Shiba Inu Holders’ Supply Decreases

The supply held by long-term SHIB holders declined by 0.01%, aligning with the trader’s sale.

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Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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