Shiba

Satoshi

Shiba Inu

Spot

<p>A <a href="https://coinmarketcap.com/currencies/shiba-inu/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> whale has successfully realized a substantial profit of $3.2 million after holding their investment for over 2.6 years. According to <a href="https://x.com/spotonchain/status/1791285621669155238" target="_blank" rel="noopener noreferrer nofollow">Spot On Chain</a>, the investor, who initially purchased 199 billion SHIB tokens between October 10, 2021, and September 11, 2023, has seen their investment grow from an estimated cost of $1.68 million to $4.88 million.</p>
<h2 class="wp-block-heading" id="the-shiba-inu-whale-s-journey">The Shiba Inu Whale’s Journey</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="625" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-475-1024x625.png" alt="" class="wp-image-492013" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-475-1024x625.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-475-300x183.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-475-767x468.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-475-1536x937.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-475-2048x1249.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-475-246x150.png 246w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-475-100x61.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-475-574x350.png 574w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-475-788x480.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-475.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>The whale’s journey began with purchases made through Coinbase and decentralized exchanges (DEXs) over a period of nearly two years. Despite an initial loss of $176,000 in a quick trade in 2021, the investor remained patient and continued to hold their SHIB tokens.</p>
<p>The decision to hold proved to be a wise one, as the value of their SHIB holdings increased over time. The whale’s patience and long-term investment strategy have paid off, resulting in a 191% profit.</p>
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<p><strong><em>Read more: <a href="https://captainaltcoin.com/ripple-sees-over-110000000-xrp-whale-accumulation-rare-indicator-that-never-fails-suggests-the-price-could-hit-3/" target="_blank" rel="noopener noreferrer nofollow">Ripple Sees Over 110,000,000 XRP Whale Accumulation: Rare Indicator that “Never Fails” Suggests the Price Could Hit $3</a></em></strong></p>
<h2 class="wp-block-heading" id="depositing-profits-on-coinbase">Depositing Profits on Coinbase</h2>
<p>Few hours ago, the whale deposited all of their SHIB tokens, now worth $4.88 million, to Coinbase. This move suggests that the investor is ready to realize their profits and potentially diversify their portfolio or invest in other opportunities.</p>
<p>The whale’s success story serves as a testament to the potential rewards of long-term investing in the cryptocurrency market. It also highlights the importance of patience and the ability to learn from past experiences, as the investor bounced back from an initial loss to achieve a substantial profit.</p>
<h2 class="wp-block-heading" id="shib-price-action-and-market-sentiment">SHIB Price Action and Market Sentiment</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="460" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-476-1024x460.png" alt="" class="wp-image-492021" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-476-1024x460.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-476-300x135.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-476-766x344.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-476-1536x690.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-476-2048x920.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-476-334x150.png 334w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-476-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-476-779x350.png 779w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-476-788x353.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-476.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>In a related <a href="https://coinmarketcap.com/community/post/336414232" target="_blank" rel="noopener noreferrer nofollow">development</a>, crypto analyst Crypto Breakout has provided an update on SHIB’s price action. The successful breakout of a triangle pattern and the subsequent day-end close above resistance indicate a potential continuation of the uptrend for SHIB.</p>
<p>This positive price action, coupled with the whale’s recent profit realization, may further bolster market sentiment and attract more investors to the <a class="wpil_keyword_link" href="https://captainaltcoin.com/shiba-inu-price-prediction/" title="Shiba Inu" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu</a> ecosystem.&nbsp;</p>
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<p>The post <a href="https://captainaltcoin.com/shiba-inu-whale-realizes-3-2m-profit-after-2-6-years-of-holding-shib-pattern-suggests-continued-uptrend/" rel="noopener noreferrer nofollow">Shiba Inu Whale Realizes $3.2M Profit After 2.6 Years of Holding: SHIB Pattern Suggests Continued Uptrend</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Shiba Inu Whale Realizes $3.2M Profit After 2.6 Years of Holding: SHIB Pattern Suggests Continued Uptrend

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