- A crypto investor sold their meme coin assets for millions of dollars after holding them for over three years.
- According to data from the on-chain analysis platform Lookonchain, the investor finally sold the Shiba Inu (SHIB) assets they bought over three years ago.
- The investor initially spent 2 Ethereum worth $2,625 to purchase 48.09 billion SHIB on February 1, 2021. Their investment skyrocketed by 419 times, leading to a $1.1 million sale on May 27.
A crypto investor sold their meme coin assets for millions of dollars after holding them for over three years.
Massive Profit from SHIB Investment
The investor’s patience paid off as the SHIB investment surged by 419 times, resulting in a $1.1 million sale of their assets.
Unmoved Ethereum Holdings
Following the SHIB sale, the investor still holds 284 Ethereum valued at $1.1 million and has not moved or reinvested in any other altcoin.
Significant Rise of SHIB in 2024
SHIB has managed to secure a considerable stake in the meme coin surges since the beginning of 2024. With a 200% increase, SHIB is currently trading at $0.0000248.
Conclusion
The investor’s remarkable profit from SHIB highlights the potential for significant gains in the crypto market. Their story serves as a testament to the lucrative opportunities available to long-term investors in the digital asset space.
