After 4.5 years, Diamond Hand Trader Sells SHIB, Profits Soar 419 Times
Odaily reports that a diamond hand trader realized a 419-fold return on their SHIB holdings after selling them after 4.5 years. On February 1, 2021, the trader made their first purchase of 480.9 billion PEPE with 2 ETH, which is roughly 2625 USD. These holdings were recently sold, and 278.7 ETH was returned.
In the bitcoin market, traders that hold onto their investments for extended periods of time, despite market volatility, are referred to be "diamond hands." This trader's perseverance has paid off handsomely, as their original PEPE investment has ballooned to a sizeable return in ETH.
This example shows how the cryptocurrency market can yield substantial profits for investors who are prepared to hang onto their money for extended periods of time. It's crucial to remember that these results are not assured and that there is a significant amount of risk associated with investing in cryptocurrencies because of market volatility.