A savvy trader turned a $2,700 investment in Shiba Inu into a cool $1.24 million after holding for over three years. Talk about diamond hands! ๐
- Bought 48 billion SHIB tokens in Jan 2021 for 2 ETH ($2,700 at the time)
- Sold it this week for a whopping $1.24 million
This isn't the first time a SHIB trader has made millions. Another one bought 50 billion SHIB assets in 2021 ($2,500 at the time), now sitting on a paper profit of over $1.2 million.
But remember, folks, meme coin trading can be risky due to extreme volatility. Double-digit price crashes can lead to big losses.
- Many jump in during a FOMO phase, often leading to losses when prices drop post-FOMO
- Always do your research before diving in!
What's your strategy for dealing with meme coin volatility? Share your tips in the comments! ๐ #CryptoTrading #ShibaInu #MillionaireMindset