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

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.

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
— Lookonchain (@lookonchain) May 27, 2024

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.

Potential SHIB Surge in Altcoins

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

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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.

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.