A Shiba Inu (SHIB) holder has made a massive profit after holding onto the memecoin for over three years.
3.5-Year Patience Pays Off
On-chain data from Lookonchain reveals that the investor bought 48 billion SHIB in February 2021 for $2,625. On May 27th, they sold their holdings for $1.1 million, a gain of over $1.09 million.
Ethereum Trader Also Scores Big
Lookonchain also highlighted another trader who made a quick profit trading Ethereum (ETH) this month. The trader had accumulated nearly 18,000 ETH between 2017 and 2020 and sold a portion for a profit of ~$1.11 million.
Smart Money Moves
The trader also sold 17,770 ETH in March for a profit of ~$59 million. The average purchase price for the ETH was $182, while the selling price was $3,503.
Shiba Inu Price Action
At the time of writing, SHIB is trading at $0.00002569, up nearly 1% in the last 24 hours.
