Benzinga – A Shiba Inu (CRYPTO: SHIB) trader’s patience paid off when they made a fortune after selling the tokens they held for nearly 40 months.
What Happened: According to an X post by on-chain tracking platform Lookonchain on Monday, a trader who had been inactive for 3.5 years sold his Shiba Inu tokens at a profit.
The trader initially purchased 48.09 billion SHIB tokens for 2 Ethereum (CRYPTO: ETH), equivalent to $2,625, on February 1, 2021. The tokens were sold for 278.7 ETH, or approximately $1.1 million, representing a whopping 419X gain.
After being dormant for 3.5 years, the super diamond trader finally sold $SHIB at a profit.
He spent 2 $ETH($2,625) to buy 48.09B $SHIB on Feb 1, 2021, and sold it for 278.7 $ETH($1.1M) just now, a gain of 419x!https://t.co/Pw9i9wbKcn pic.twitter.com/Qvp9wKpWCc
— Lookonchain (@lookonchain) May 27, 2024
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