An unknown investor made more than $1.24 million in three and a half years by investing in the Shiba Inu memcoin (SHIB). This was reported by the analytical company Lookonchain.
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
On February 1, 2021, he spent 2 ETH ($2,625 at the time) to buy 49.08 billion SHIB on the decentralized exchange Uniswap. On May 27, 2024, the trader sold the assets for 278.7 ETH ($1.23 million). Thus, the investor increased his deposit by 419 times.
At the time of writing, he has $1.1 million in his wallet, according to DeBank.
Source: Cryptocurrency
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