Shiba

Ethereum

Dogecoin

Shiba Inu

<div class="dailyhodl">
 <p>A long-time holder of Shiba Inu (SHIB) is looking at big profits after suddenly selling the memecoin, on-chain data shows.</p>
 <p>Blockchain tracking firm Lookonchain notices that one patient investor sold more than 48 billion SHIB for a 419x gain after holding onto the digital asset for more than three years.</p>
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 <p>The investor first purchased the Dogecoin (DOGE) rival in February 2021 for $2,625 and just sold his holdings for $1.1 million, a gain of more than $1.09 million.</p>
 <p><em>“After being dormant for three and a half years, the super diamond trader finally sold SHIB at a profit. He spent two ETH ($2,625) to buy 48.09 billion SHIB on February 1st, 2021, and sold it for 278.7 ETH ($1.1 million) [on May 27th], a gain of 419x!” </em></p>
 <p>SHIB is trading for $0.00002569 at time of writing, up nearly 1% in the last 24 hours.</p>
 <p>Lookonchain also noticed that one savvy trader made a quick profit trading Ethereum (ETH) this month and he also made massive gains selling ETH in March after accumulating nearly 18,000 ETH between 2017 and 2020.</p>
 <p><em>“A smart money sold 3,025 ETH for 11.8 million DAI at $3,904 [on May 28th], making a profit of ~$1.11 million. This smart money also accumulated 17,770 ETH from 2017 to 2020 at an average price of $182 and sold at $3,503 on March 28th, 2024, making a profit of ~$59 million!”</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GOo3sxBbIAAXTvJ?format=jpg&amp;name=4096x4096" alt="Image" width="2618" height="1184">
  <figcaption class="wp-caption-text">
   Source: Lookonchain/X
  </figcaption>
 </figure>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/dormant-diamond-hand-shiba-inu-trader-prints-419x-gain-after-holding-for-3-5-years-lookonchain-tbt90297.html">https://thebittimes.com/dormant-diamond-hand-shiba-inu-trader-prints-419x-gain-after-holding-for-3-5-years-lookonchain-tbt90297.html</a></p>

Dormant ‘Diamond’ Hand Shiba Inu Trader Prints 419X Gain After Holding for 3.5 Years: Lookonchain

TheBitTimes

Other articles published on May 29, 2024

Gemini to repay Earn customers $2.18 billion

SFC Imposes Licensing Requirement on Crypto Trading Platforms

Dogwifhat, Floki, And 3 Top Dog-Themed Cryptocurrencies Targeting 100X Returns

Nvidia Earnings: AI Giants Reports 600% Profit Increase But RNDR, GRT, and TAO Fail To Rally With...

Cambodia Central Bank Chief Sees Digital Currency Boosting Fiat Use

BlackRock’s IBIT Surpasses Grayscale to Become Biggest Bitcoin Fund

Join our free newsletter for daily crypto updates!