He purchased over 48 billion SHIB tokens in January 2021 for 2 ETH ($2,700 at the time), and sold it earlier this week for approximately $1.24M.
This is not the first such case where a Shiba Inu trader makes millions. Another one bought 50 billion SHIB assets in 2021 ($2,500 at the time), and currently, they are sitting on a paper profit of more than $1.2M.