Shiba Inu Paper-Hand Buyer Who Dumped Meme Coin Before Exponential Surge Missed Out on Staggering $234 Million Gain

There are stories of users making life-changing gains by buying cryptocurrencies in their early phases before they gain traction.

A user who bought Shiba Inu (SHIB) early on missed out on massive gains after dumping the meme coin before its exponential surge.

Screenshots shared by meme coin analyst Kakashi show a wallet that amassed 10.5 trillion SHIB for 1.48 ETH in 2018. At the time, the user swapped the $4,953 worth of Ether 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. But this user had sold before the pump, dumping the token as it saw its slightest uptick. The user swapped the 10.5 trillion SHIB for 1.535 ETH ($5,145).

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. But the wallet owner missed out on an exponential portfolio growth due to the early sales.

Another user who missed out on a massive gain with his early Shiba Inu sell-off initially accrued 15 trillion SHIB. However, the user sold the stash for a cent. The wallet swapped the 15 trillion SHIB for 2.28 ETH ($7,613).

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.