🐳🐶 Shiba Inu Whales Get 41,900% Profit After Only 3 Years 📈📉

Amid the growing attention of the memecoin market, this whale made an estimated profit of 41,900% when investing in Shiba Inu.

In a recent Lookonchain report, an investor held a Shiba Inu (SHIB) token for over three years before selling it for an estimated 41,900% profit.

On February 1, 2021, investors used 2 Ethereum (ETH) to exchange for over 48 billion SHIB, which helped whales turn $2,625 into nearly $1.1 million after swapping SHIB back ETH yesterday.

As of the time of writing, this cryptocurrency millionaire has not made any new moves after transferring all of his SHIB tokens to ETH and leaving them in his wallet.

Shiba Inu is a memecoin project built on the Ethereum blockchain platform, its image is based on an online Shiba dog. Famous in 2021 and becoming one of the coins with the largest market capitalization.

Furthermore, the meme coin has seen an increase of over 8% over the past 24 hours and is trading for 0.00002752 USD at the time of writing. However, at this price level, SHIB only recorded a 17% increase in the past 30 days.

This shows that Shiba Inu has not yet kept up with other meme coins during this bull cycle. Solana-based tokens such as Bonk (BONK) and Dogwifhat (WIF) have increased by 66.86% and 42.14% respectively over the same period. In particular, Pepecoin (PEPE) showed a monthly spike of 120.9% at the time of writing.

As the meme coin sector becomes increasingly controversial, with more interesting meme-based tokens being created every day, SHIB may have a tough road ahead to reach its previous all-time high a year ago. Again.