An investor who invested in Shiba Inu (SHIB) early on made a profit of $9.6 million by selling 400 billion SHIB tokens. This investor, who made the initial investment for only $3,800, currently holds 2 trillion SHIB tokens worth $48 million. The sale took place during the market decline led by Bitcoin, once again demonstrating the importance of strategic decisions.
According to data shared by blockchain analysis platform Lookonchain, an early-stage SHIB investor made a huge profit by purchasing a large amount of tokens at a low cost when Shiba Inu first came out. The investor purchased 15.28 trillion SHIB tokens for $3,800, paying $0.000000000248 per SHIB token on August 6, 2020. When Shiba Inu reached its peak in October 2021, the value of these assets had reached $1.22 billion, making the investor a billionaire.
The investor’s latest sale consisted of several stages and was transferred to the Gemini exchange. In the first three transactions, 10 million, 99.98 billion and 150 billion SHIB tokens were transferred to the exchange, respectively. Then, an additional 150 billion SHIB were transferred, and a total of 400 billion SHIB tokens were sold. At the time of the sale, SHIB was trading at approximately $0.000024 per token, and the total sale amount reached $9.6 million. The investor paid only $99.19 when he first bought these tokens, which shows the size of the profit made.
Despite this massive sell-off, the investor still has 2 trillion SHIB tokens worth around $48 million in his wallet, according to Etherscan data. This shows that the investor remains confident in his SHIB holdings and expects a long-term recovery.
The investor’s decision to sell was made during the general market decline led by Bitcoin. During this period, many investors moved their assets to stablecoins (like USDT) in order to reduce their risk and preserve their capital. For example, according to Lookonchain data, another investor bought 150 billion PEPE tokens worth $2.72 million$PEPE
moved his shares to the Binance exchange. However, this investor lost $219,000 from PEPE and $136,000 from SHIB in the last decline.
In the cryptocurrency market, every investor's strategy is different. While some realize their profits by making large sales, others continue to hold their assets, believing that the market will recover in the long term.
