Shiba

Ethereum

Dogecoin

Shiba Inu

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 <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>
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 <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">
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   Source: Lookonchain/X
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<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

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