Amid the recent Shiba Inu boom, a SHIB investor’s initial investment of $2,521 in early 2021 has become a unique success story in the cryptocurrency world. This investor made a profit of over $1,580,000 with his move.
This extraordinary success was brought to light by the platform called Lookonchain. removed. Lookonchain created a huge stir in the crypto community by analyzing this impressive investment move.
Based on on-chain data, the platform revealed that the investor entered the Shiba Inu market in 2021 with a total of $ 2,521. The data confirms that the investor in question first converted 1.33 Ethereum (ETH) into SHIB on March 24, 2021. However, this story is not limited to just one exchange transaction. Shortly after, on April 16, 2021, the investor spends another 0.16 ETH for the purchase of SHIB. These purchases come at a time when the Shiba Inu has not yet caught up with its spectacular rise and is trading at $0.000000050588.
At this price at that time, the investor owned a total of 49.833 billion Shiba Inu with ETH worth $ 2,521. He then moved 5 billion SHIB to another address and then staked 44.833 billion SHIB to ShibaSwap on July 6, 2021, when the decentralized exchange (DEX) went live. It continued to carry part of the remaining SHIB. The investor also purchased the Shiba Inu NFT collection Shiboshis in October 2021 for 7.4 million SHIB. He then withdrew 4.3 billion SHIB from the stake position in December 2021, leaving 40.54 billion shares. Finally, it withdrew its SHIB of 40.54 billion.
According to Lookonchain, these assets reached a massive value of $1.58 million after being staked for 2.6 years and withdrawn yesterday.
The investor made a big profit from the Shiba Inu’s appreciation in this process. With his initial investment of just $2,521, he became the owner of a fortune worth millions of dollars. This extraordinary return shows how quickly the cryptocurrency market can change and how big opportunities the right moves at the right time can offer.
Moreover, this successful investor would have made a profit of $3.58 million if he had withdrawn and sold 40.54 billion SHIB in October 2021 when the Shiba Inu was trading at $0.00008845 with its ATH.
The investor ultimately moved 40.54 billion SHIB to Coinbase, triggering sales speculation. However, after transferring 40.54 billion SHIB to Coinbase yesterday, the investor moved the tokens back to his wallet five hours later.
He kept the assets as a balance, but their value has since fallen due to the market-wide correction affecting the price of the Shiba Inu. SHIB is down 14.4% in the last 24 hours and is currently changing hands at $0.00003514. The asset is still 221% more valuable than last week.
You can follow the current price movement here.
Source : the crypto basic