A long-time Shiba Inu (SHIB) holder has realized a staggering profit of 419x after selling the memecoin, according to on-chain data from Lookonchain. Was it pure luck or someone has been better at predictions that that Oracle from Matrix?
This investor, who remained patient for over three years, purchased SHIB back in February 2021 for a modest $2,625. Fast forward to now, and that investment has turned into an impressive $1.1 million.
This is how you make a whopping 419x on your investment.
This sale marks a significant moment in the SHIB community, showcasing the potential gains for those who can hold through the volatility. The investor offloaded over 48 billion SHIB, capitalizing on the recent market movements.
This trade exemplifies the term "diamond hands," often used to describe individuals who hold onto their assets despite market fluctuations.
At the time of writing, Shiba Inu is trading at $0.00002569, reflecting a slight uptick in the past 24 hours. This minor increase is a testament to the resilience of the SHIB community, even in a market filled with ups and downs.
These instances underline the importance of strategic holding and timing in the cryptocurrency market. If you want to make big buck you should make use of patience and market knowledge. These skills can lead to substantial returns.
For those on Wall Street, these stories serve as a reminder of the potential in digital assets. While volatile, the crypto market offers unique opportunities for significant gains, provided investors can weather the storms.