An investor held a stash of Shiba Inu (SHIB) tokens for over three years before selling it for 41,900% profit, as reported by X user identified as Lookonchain. On February 1st, 2021, the investor swapped 2 Ether (ETH) for over 48 billion SHIB, transforming $2,625 into nearly $1.1 million after swapping SHIB back to ETH yesterday.
The timing is curious, since SHIB reached its all-time high in October 2021, and is 70% away from its price peak. If the investor realized his profits back in them, he would have amassed over $4.1 million, an outstanding 156,190% return on the investment.Moreover, the token shows a slight upside of 4% at the time of writing for the past 30 days, failing to keep up with meme coins deployed near this bull cycle. Solana-based tokens Bonk (BONK) and Dogwifhat (WIF) have risen 55% and 29.5% in the same period, respectively.Meanwhile, Pepecoin (PEPE) shows a 109% monthly leap at the time of writing, recently registering its all-time high. As the meme coin sector gets more disputed, with more interesting meme-based tokens created daily, SHIB might have a rough path ahead to reach its previous all-time high again.
