A Shiba Inu (SHIB) whale turned $4,000 into $800,000 but missed out on a $10 million gain because of selling too quickly. SHIB has a reputation for turning small investments into big profits.
During the 2021 bull run, it saw the largest price spike in crypto history. Research from CoinGecko shows SHIB turned $12 into $1 million from 2020 to 2021. While many early investors retired rich from this rally, some missed out on even bigger gains by selling too soon.
Missed Opportunities: Shiba Inu Investor’s Story
Blockchain data reveals the journey of a particular investor who made a significant move in the Shiba Inu (SHIB) market. Back in January 31, 2021, when SHIB was priced at $0.0000000325, this investor managed to acquire a whopping 122.92 billion SHIB tokens by swapping 3 Ethereum (ETH), worth nearly $4,000, through Uniswap V2.
However, despite having billions of SHIB tokens, as the price of Shiba Inu began to rise, this investor started selling off their holdings for small profits. The first sale took place in April 2021, where they sold 31.889 billion SHIB for 2 ETH, valued at $4,600 at the time, effectively recovering their initial $4,000 investment.
Over the following days, more SHIB tokens were sold off in multiple transactions: 7.6 billion SHIB on April 20, 5.7 billion SHIB on April 22, and 7.7 billion SHIB on May 7.
As Shiba Inu continued to rally, reaching the $0.0000010 price range, the investor decided to sell the remaining tokens on May 8, 2021, disposing of 69.8 billion SHIB for 212 ETH, valued at $730,000 at the time. In total, the investor made a profit of $800,000.
While an $800,000 profit from a $4,000 investment sounds impressive, it’s worth noting that had the investor held onto their SHIB tokens until late 2021, when SHIB reached its all-time high of $0.00008845, their 122 billion tokens would have been worth $10.8 million, indicating a missed opportunity for significantly higher gains.
Missed Profit Opportunities in Shiba Inu and Other Cases
Many investors, including an African entrepreneur, have experienced missed profit opportunities by selling their Shiba Inu (SHIB) holdings prematurely. At the current price of $0.00002688 per SHIB, the tokens are valued at $3.3 billion, representing a significantly higher return compared to the $800,000 profit realized by some investors.
For instance, an African entrepreneur reportedly forfeited $108,000 by selling their SHIB holdings early. Similarly, prominent YouTuber Slash revealed last year that he sold his $2,000 SHIB investment too soon due to fear, uncertainty, and doubt (FUD), resulting in a loss of £300 pounds. Had he held onto his tokens, they would have surged to a value of $1 billion.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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