Shiba

Million

Shiba Inu

Spot

<p>The post <a href="https://coinpedia.org/news/patience-pays-off-shiba-inu-investor-made-a-3-2m-profit-after-holding-2-6-years/">Patience Pays Off: Shiba Inu Investor Made a $3.2M Profit After Holding 2.6 Years</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In a stunning display of patience and strategic investment, a cryptocurrency whale has made a $3.2 million profit from <a href="https://coinpedia.org/news/shiba-inus-burn-rate-crosses-200-new-developments-coming-in/">Shiba Inu</a> ($SHIB). After holding the asset for nearly 2.6 years, the investor’s journey from an initial $176k loss to a significant gain offers valuable insights into the volatile world of cryptocurrency trading.</p> 
<h2 class="wp-block-heading" id="h-from-setback-to-success"><strong>From Setback to Success</strong></h2> 
<p>According to blockchain tracking platform Spot On Chain, the whale secured a $3.2 million profit after holding the cryptocurrency for nearly 2.6 years.</p> 
<p>Meanwhile, the whale initially bought 199 billion SHIB tokens, estimated to cost around $1.68 million. These purchases were made through Coinbase and various decentralized exchanges (DEX) between October 10, 2021, and September 11, 2023.&nbsp;</p> 
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   <p lang="en" dir="ltr">A whale just took a $3.2M (x2) profit from <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a> after 2.6 years!<br><br>The whale bought 199B <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a> (est. cost: $1.68M) from <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw">#Coinbase</a> and DEX between Oct 10, 2021, and Sep 11, 2023,<br><br>And then deposited all <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a> (now $4.88M) to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw">#Coinbase</a> 3 hours ago, realizing an est. profit of $3.2M… <a href="https://t.co/rMkMf7Z13i">pic.twitter.com/rMkMf7Z13i</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1791285621669155238?ref_src=twsrc%5Etfw">May 17, 2024</a>
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<p>However, the investor faced an initial setback when they purchased 138.568 billion SHIB at an average price of $0.000008385 following a significant market dip caused by Ethereum co-founder Vitalik Buterin’s donation of $1 billion worth of SHIB to India’s Covid relief in May 2021.</p> 
<p>This loss might have been a catalyst for adopting a more patient investment strategy. Despite the initial loss, the whale decided to hold onto the SHIB tokens.</p> 
<h2 class="wp-block-heading" id="h-the-big-profit-3-2-million"><strong>The Big Profit: $3.2 Million</strong></h2> 
<p>Just a few hours before the report by blockchain tracking platform Spot On Chain, the whale deposited all their SHIB holdings, now valued at $4.88 million, back into Coinbase. This move secured an estimated profit of $3.2 million, translating to a 191% increase from the initial investment.</p> 
<p>This success story highlights the potential rewards of patient and strategic investing in the cryptocurrency market. The whale’s ability to <a href="https://coinpedia.org/news/shiba-inu-coin-heres-why-shiba-inu-price-is-surging-today/">hold onto SHIB</a> through market fluctuations demonstrates the importance of not succumbing to short-term market pressures.&nbsp;</p>

Patience Pays Off: Shiba Inu Investor Made a $3.2M Profit After Holding 2.6 Years

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