Investor Sells Shiba Inu Too Early, Misses Out on $234 Million Gain

An early buyer of paper Shiba Inu missed out on massive gains after abandoning the coin ahead of its exponential rise.

There are stories of users who made life-changing gains by purchasing cryptocurrencies in their early stages, before they gained traction. Specifically, meme coins like Shiba Inu and Dogecoin have incredibly rewarded early adopters, turning meager inflows into outrageous returns.

For example, The Crypto Basic reported the recent activities of a user who earned $145 million in 2021 by adopting Shiba Inu before the famous price explosion. There are also reports of a user who turned $30,000 into $450,000 by holding SHIB.

Meanwhile, a recent report shows that some early adopters of the Shiba Inu sold out too quickly. One only earned 0.05 ETH ($192 now) instead of $234 million.

Paper Trader Misses Out on Stunning Profit

Meme coin analyst Kakashi recently decided to look at early trading for Shiba Inu and discovered a user who purchased the meme coin pump before 2021 but didn’t hold up. According to the screenshots commonthe wallet amassed 10.5 trillion SHIB for 1.48 ETH four years ago.

The user has now swapped the $4,953 worth of Ether for the massive amount of Shiba Inu while the meme coin had even more zeros, on decentralized exchange Uniswap. However, SHIB exploded in the last quarter of 2021, reaching its current all-time high of $0.00008854.

Meanwhile, the user had sold before the pump, abandoning the token at the slightest rise. The user exchanged the 10.5 trillion SHIB for 1.535 ETH ($5.145 now).

If the user had held on to their Shiba Inu stash today, it would be worth a staggering $934.5 million at SHIB’s all-time high three years ago, and around $234 million at current prices. However, the wallet owner missed out on exponential growth of their portfolio due to early sales.

Another user misses massive returns

Kakashi also mentioned a user who missed out on a stunning gain during their Shiba Inu’s early sale. Although the initial capital remains a mystery, the data confirms that the investor managed to accumulate 15 trillion SHIB.

However, the user sold the stash worth $331 million for a penny. The wallet exchanged the 15 trillion SHIB for 2.28 ETH ($7,613).

Notably, sales are justifiable due to the unpredictable nature of meme coins. Users have made and lost a fortune trading tokens in the meme business. As a result, some holders tend to act cautiously.

Nonetheless, holding strong tokens like Shiba Inu has proven rewarding over the years. SHIB jumped 100% in 2024boosted by its growing usefulness and the ever-enthusiastic Shiba Army.

Analysts have also speculated on other benefits, with lending exchange CoinW recently saying the dog-themed lightweight token could reaching $1, a difficult goal. At press time, Shiba Inu is trading at $0.00002228, down 2% in the last 24 hours.