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A Shiba Inu whale, showing incredible patience, sold the SHIB tokens he had been holding for 3.5 years today.
This cryptocurrency trader made a modest investment of $2,700 in Shiba Inu (SHIB) tokens 3.5 years ago, which rose to $1.2 million.
The investor first purchased approximately 48.1 billion SHIB on January 31, 2021 and made the purchase through Uniswap, a decentralized exchange. He paid 2 Wrapped ETH (WETH), which was equivalent to approximately $2,700 in value for the SHIBs he received at that time.
This morning, the investor sold all his SHIB assets, which he had been holding for 3.5 years, when the token price corresponded to $0.000026. This sale brought the investment up to $1.24 million, an increase of 47,592% over the initial investment. This investment yielded a profit of 419 times.
Shiba Inu was launched as a Dogecoin (DOGE) rival in late 2020. This memecoin, which did not show the expected performance at first, experienced an incredible rise in the 2021 bull market, especially towards the end of 2021. It is currently trading at lower levels.
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