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.
After being dormant for 3.5 years, the super diamond trader finally sold $SHIB at a profit.
— Lookonchain (@lookonchain) May 27, 2024
He spent 2 $ETH($2,625) to buy 48.09B $SHIB on Feb 1, 2021, and sold it for 278.7 $ETH($1.1M) just now, a gain of 419x!https://t.co/Pw9i9wbKcn pic.twitter.com/Qvp9wKpWCc
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.
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Potential SHIB Surge in Altcoins
Experts predict a major rally in altcoins, including SHIB, indicating potential value surges.
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— FXCryptoNews (@FXCryptoNews) December 14, 2023
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.
