{"id":21471,"date":"2024-05-28T23:00:21","date_gmt":"2024-05-28T20:00:21","guid":{"rendered":"https:\/\/coinengineer.io\/?p=21471"},"modified":"2024-05-28T21:12:51","modified_gmt":"2024-05-28T18:12:51","slug":"shiba-inu-holder-turns-2625-into-1-1-million-amid-memecoin-surge","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/shiba-inu-holder-turns-2625-into-1-1-million-amid-memecoin-surge\/","title":{"rendered":"Shiba Inu Holder Turns $2,625 into $1.1 Million Amid Memecoin Surge"},"content":{"rendered":"

After almost three years of careful keeping, a long-term Shiba Inu<\/strong> holder has transformed a $2,625 investment into nearly $1.1 million.<\/strong> Is memecoin season just getting started?<\/p>\n

On his $2,625 original investment over three years, the patient Shiba Inu bearer achieved an astounding 419-fold return.<\/p>\n

Astute Trading and Memecoin Trends<\/h2>\n

Lookonchain<\/strong> was the first to identify the astute trader after the on-chain security company stated in a May 27 post:<\/p>\n

“The elite diamond dealer sold $SHIB<\/strong> at a profit at last after going three and a half years inactive.”<\/em> He paid 2 ETH ($2,625) for 48.09B ($SHIB) on February 1, 2021, then sold it for 278.7 ETH ($1.1M), therefore earning a gain of 419x!<\/p>\n

Following the profit-taking and changing the Shiba Inu<\/strong> holdings into Ether (ETH)<\/a>, CoinStats data reveals that the trader’s wallet, “0xe338,” is valued at over $1.1 million.<\/p>\n

The lucrative trade coincides with a growing memecoin-related curiosity. Based on CoinMarketCap statistics, memecoin trade volume increased by over 40% on May 28 to over $13 billion.<\/p>\n

Two weeks ago, another astute cryptocurrency trader turned $3,000 worth of Pepe<\/strong> into $46 million by trading the Pepe memecoin amid the re-emergence of the GameStop story, therefore increasing the price of some memecoins.<\/p>\n

Other dog-themed memecoins have seen double-digit weekly rises, while the two biggest memecoins, Dogecoin and Shiba Inu, have been dragging in price activity.<\/p>\n

Over the previous week, Bonk (BONK)<\/strong> surged over 25%; Solana-based Dogwifhat (WIF) rose 34%; and Floki (FLOKI) increased 35%.<\/p>\n

Pepe also surged 26% on the weekly chart after reaching his all-time high on May 27. Pepe fractals, however, suggest a possible 40% price drop should the price chart duplicate the January 2024 patterns.<\/p>\n

Although it is impossible to forecast the beginning of a whole memecoin run, some traders believe that the gains from GameStop will make their way into altcoins, just as the 2021 bull run coincided with the GameStop<\/a> GME stock drama’s comeback.<\/p>\n

Crypto analyst CryptoAmsterdam’s May 14 X post, which included the accompanying charts, claims that historical chart patterns show that the GameStop event immediately sparked the 2021 altcoin surge.<\/p>\n","protected":false},"excerpt":{"rendered":"

After almost three years of careful keeping, a long-term Shiba Inu holder has transformed a $2,625 investment into nearly $1.1 million. Is memecoin season just getting started? On his $2,625 original investment over three years, the patient Shiba Inu bearer achieved an astounding 419-fold return. Astute Trading and Memecoin Trends Lookonchain was the first to<\/p>\n","protected":false},"author":6,"featured_media":19488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,1],"tags":[3517,66],"class_list":["post-21471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-genel","tag-bonk-bonk","tag-shiba-inu"],"yoast_head":"\nShiba Inu Holder Turns $2,625 into $1.1 Million Amid Memecoin Surge<\/title>\n<meta name=\"description\" content=\"Long-term Shiba Inu holder turns $2,625 into $1.1 million, sparking curiosity in memecoin season. Is the memecoin craze just beginning?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/shiba-inu-holder-turns-2625-into-1-1-million-amid-memecoin-surge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shiba Inu Holder Turns $2,625 into $1.1 Million Amid Memecoin Surge\" \/>\n<meta property=\"og:description\" content=\"Long-term Shiba Inu holder turns $2,625 into $1.1 million, sparking curiosity in memecoin season. Is the memecoin craze just beginning?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/shiba-inu-holder-turns-2625-into-1-1-million-amid-memecoin-surge\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-28T20:00:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-28T18:12:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/shiba-inuda-kaldirac-orani-subattan-bu-yana-en-yuksek-seviyede.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/shiba-inu-holder-turns-2625-into-1-1-million-amid-memecoin-surge\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/shiba-inu-holder-turns-2625-into-1-1-million-amid-memecoin-surge\/\",\"name\":\"Shiba Inu Holder Turns $2,625 into $1.1 Million Amid Memecoin Surge\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/shiba-inu-holder-turns-2625-into-1-1-million-amid-memecoin-surge\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/shiba-inu-holder-turns-2625-into-1-1-million-amid-memecoin-surge\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/shiba-inuda-kaldirac-orani-subattan-bu-yana-en-yuksek-seviyede.webp\",\"datePublished\":\"2024-05-28T20:00:21+00:00\",\"dateModified\":\"2024-05-28T18:12:51+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\"},\"description\":\"Long-term Shiba Inu holder turns $2,625 into $1.1 million, sparking curiosity in memecoin season. Is the memecoin craze just beginning?\",\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/shiba-inu-holder-turns-2625-into-1-1-million-amid-memecoin-surge\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/shiba-inu-holder-turns-2625-into-1-1-million-amid-memecoin-surge\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/shiba-inu-holder-turns-2625-into-1-1-million-amid-memecoin-surge\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/shiba-inuda-kaldirac-orani-subattan-bu-yana-en-yuksek-seviyede.webp\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/shiba-inuda-kaldirac-orani-subattan-bu-yana-en-yuksek-seviyede.webp\",\"width\":1000,\"height\":600,\"caption\":\"Shiba\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/shiba-inu-holder-turns-2625-into-1-1-million-amid-memecoin-surge\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Shiba Inu Holder Turns $2,625 into $1.1 Million Amid Memecoin Surge\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\",\"name\":\"Tanju Akb\u0131y\u0131k\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"caption\":\"Tanju Akb\u0131y\u0131k\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/cetanju\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Shiba Inu Holder Turns $2,625 into $1.1 Million Amid Memecoin Surge","description":"Long-term Shiba Inu holder turns $2,625 into $1.1 million, sparking curiosity in memecoin season. Is the memecoin craze just beginning?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/shiba-inu-holder-turns-2625-into-1-1-million-amid-memecoin-surge\/","og_locale":"en_US","og_type":"article","og_title":"Shiba Inu Holder Turns $2,625 into $1.1 Million Amid Memecoin Surge","og_description":"Long-term Shiba Inu holder turns $2,625 into $1.1 million, sparking curiosity in memecoin season. Is the memecoin craze just beginning?","og_url":"https:\/\/coinengineer.net\/blog\/shiba-inu-holder-turns-2625-into-1-1-million-amid-memecoin-surge\/","og_site_name":"Coin Engineer","article_published_time":"2024-05-28T20:00:21+00:00","article_modified_time":"2024-05-28T18:12:51+00:00","og_image":[{"width":1000,"height":600,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/shiba-inuda-kaldirac-orani-subattan-bu-yana-en-yuksek-seviyede.webp","type":"image\/webp"}],"author":"Tanju Akb\u0131y\u0131k","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tanju Akb\u0131y\u0131k","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/shiba-inu-holder-turns-2625-into-1-1-million-amid-memecoin-surge\/","url":"https:\/\/coinengineer.net\/blog\/shiba-inu-holder-turns-2625-into-1-1-million-amid-memecoin-surge\/","name":"Shiba Inu Holder Turns $2,625 into $1.1 Million Amid Memecoin Surge","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/shiba-inu-holder-turns-2625-into-1-1-million-amid-memecoin-surge\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/shiba-inu-holder-turns-2625-into-1-1-million-amid-memecoin-surge\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/shiba-inuda-kaldirac-orani-subattan-bu-yana-en-yuksek-seviyede.webp","datePublished":"2024-05-28T20:00:21+00:00","dateModified":"2024-05-28T18:12:51+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546"},"description":"Long-term Shiba Inu holder turns $2,625 into $1.1 million, sparking curiosity in memecoin season. Is the memecoin craze just beginning?","breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/shiba-inu-holder-turns-2625-into-1-1-million-amid-memecoin-surge\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/shiba-inu-holder-turns-2625-into-1-1-million-amid-memecoin-surge\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/shiba-inu-holder-turns-2625-into-1-1-million-amid-memecoin-surge\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/shiba-inuda-kaldirac-orani-subattan-bu-yana-en-yuksek-seviyede.webp","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/shiba-inuda-kaldirac-orani-subattan-bu-yana-en-yuksek-seviyede.webp","width":1000,"height":600,"caption":"Shiba"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/shiba-inu-holder-turns-2625-into-1-1-million-amid-memecoin-surge\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"Shiba Inu Holder Turns $2,625 into $1.1 Million Amid Memecoin Surge"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546","name":"Tanju Akb\u0131y\u0131k","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","caption":"Tanju Akb\u0131y\u0131k"},"url":"https:\/\/coinengineer.net\/blog\/author\/cetanju\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/21471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=21471"}],"version-history":[{"count":1,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/21471\/revisions"}],"predecessor-version":[{"id":21475,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/21471\/revisions\/21475"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/19488"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=21471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=21471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=21471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}