A cryptocurrency whale, showcasing remarkable patience, sold the SHIB tokens he held for 3.5 years today.
Demonstrating extraordinary patience, a cryptocurrency trader turned a modest $2,700 investment into $1.2 million by holding onto Shiba Inu (SHIB) tokens for over three years.
The initial investor purchased approximately 48.1 billion SHIB on January 31, 2021. The purchase was made on the decentralized exchange Uniswap, and the investor had to pay 2 Wrapped ETH (WETH), equivalent to around $2,700 at that time.
After remaining inactive for three and a half years, the investor sold his SHIB tokens this morning as the token price surged to $0.000026. This sale fetched $1.24 million, marking a 47,592% increase over the initial investment. This translates to a profit of 419 times the initial investment.
Shiba Inu was introduced as a competitor to Dogecoin (DOGE) in late 2020. This memecoin has shown remarkable performance during the 2021 price surge, particularly towards the end of 2021.
