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

An early Shiba Inu paper-hand buyer missed out on massive gains after dumping the meme coin before its exponential surge.

There are stories of users making life-changing gains by buying cryptocurrencies in their early phases before they gain traction. Specifically, meme coins like Shiba Inu and Dogecoin rewarded early adopters stupendously, turning meager inputs into outrageous returns.

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

Meanwhile, a recent report shows a few Shiba Inu early adopters sold too quickly. One made just 0.05 ETH ($192 now) instead of $234 million.

Paper-Hand Trader Misses Staggering Gain

Meme coin analyst Kakashi recently decided to review early transactions as they pertain to Shiba Inu and uncovered a user who bought the meme coin pre-2021 pump but did not hold on. According to screenshots shared, the wallet amassed 10.5 trillion SHIB for 1.48 ETH four years ago.

The user swapped the $4,953 worth of Ether now for the massive amount of Shiba Inu when the meme coin still had more zeros, on the 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, dumping the token as its slightest uptick. The user swapped the 10.5 trillion SHIB for 1.535 ETH ($5,145 now).

Had the user kept his Shiba Inu stash today, it would be worth a staggering $934.5 million at SHIB’s all-time high three years ago, and about $234 million at current prices. However, the wallet owner missed an exponential portfolio growth due to the early sales.

Another User Misses on Massive Returns

Kakashi also mentioned a user who missed out on a jaw-dropping gain with his early Shiba Inu sell-off. Although the initial capital remains a mystery, data confirms the investor managed to accrue 15 trillion SHIB.

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

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

Nonetheless, holding solid tokens like Shiba Inu has proved rewarding over the years. SHIB surged over 100% in 2024, spurred by its growing utility and the ever-cheering Shiba Army.

Analysts have also speculated more upsides, with lending exchange CoinW recently asserting the light-hearted doggy-themed token could reach $1, a difficult target. At press time, Shiba Inu trades at $0.00002228, down 2% in the past 24 hours.