Dormant ‘Diamond’ Hand Shiba Inu Trader Makes Massive Profit After 3.5 Years
A long-time holder of Shiba Inu (SHIB) is seeing huge profits after recently selling the memecoin, according to on-chain data.
Savvy Trader Scores Big Gains with Ethereum Trades
Blockchain tracking firm Lookonchain revealed yet another success story with a savvy trader making significant gains through Ethereum (ETH) trades.
- Lookonchain data shows one patient investor sold over 48 billion SHIB for a 419x gain
- The investor bought SHIB in February 2021 for $2,625 and sold it for $1.1 million, making a gain of $1.09 million
- Another trader sold 3,025 ETH for 11.8 million DAI in May, generating a profit of about $1.11 million
- The same trader also acquired 17,770 ETH between 2017 and 2020, selling for approximately $59 million
Current Market Performance
At the time of writing, SHIB is trading at $0.00002569, reflecting a nearly 1% increase in the last 24 hours.
Additional Insights from Lookonchain
Lookonchain also observed another trader profiting from ETH trades, further showcasing the potential for gains in the volatile crypto market.
“After being dormant for three and a half years, the super diamond trader finally sold SHIB at a profit. He spent two ETH ($2,625) to buy 48.09 billion SHIB on February 1st, 2021, and sold it for 278.7 ETH ($1.1 million) [on May 27th], a gain of 419x!”
“A smart money sold 3,025 ETH for 11.8 million DAI at $3,904 [on May 28th], making a profit of ~$1.11 million. This smart money also accumulated 17,770 ETH from 2017 to 2020 at an average price of $182 and sold at $3,503 on March 28th, 2024, making a profit of ~$59 million!”
Subscribe for More Updates
Stay informed about the latest crypto news and trading insights by subscribing to our newsletter.
Hot Take: Celebrating Big Wins in the Crypto Market
Congratulations to the traders who have successfully capitalized on the crypto market’s potential for massive gains through strategic trades and investments. The recent success stories highlight the opportunities available to those who navigate the crypto markets effectively.
By
By
By
By
By
By