- A mysterious Shiba Inu (SHIB) whale holds over 10% of the total SHIB supply across 150 addresses
- This whale made an over 250,000-fold return on an initial investment of just $10,000 in 2020, which is now worth over $2.5 billion
- Despite the massive gains, the whale has continued to hold onto the SHIB tokens since 2020, indicating potential confidence in the memecoin’s future
A mysterious crypto investor has achieved an astronomical return on a small investment in Shiba Inu in 2020, turning $10,000 into over $25 billion. This likely represents the greatest trade in history.
The Whale’s Massive SHIB Holdings
According to onchain data, this unknown whale currently holds over 10% of the total supply of Shiba Inu tokens, spread across 150 different wallet addresses. At their peak valuation, these holdings were worth over $5 billion.
Despite securing such an enormous return, the whale has not sold any of their SHIB coins since that initial purchase in 2020. This suggests strong confidence in the memecoin’s future potential.
The Origins of the Whale’s SHIB Stash
Between August and October 2020, an investor known only as “0x1406” purchased 103 trillion SHIB tokens, equivalent to 10% of the total supply at the time, for just 38 ETH. That amount of ETH was worth only $10,000 back then.
Today, those 103 trillion SHIB tokens are worth over $25 billion, representing a more than 250,000x increase in value from the initial $10,000 investment.
source: coingecko
Shiba Inu’s Outlook
While Shiba Inu has underperformed some other top memecoins recently, it could be poised for a breakout rally. There are bullish technical signs, like an emerging cup-and-handle pattern on the charts.
Additionally, funds could rotate from Dogecoin into the relatively undervalued SHIB token. Shiba Inu’s RSI is quite oversold compared to Dogecoin, signaling that selling pressure is tapering off.
Conclusion
This anonymous crypto investor made what is likely the greatest trade of all time – turning $10,000 into over $25 billion by buying Shiba Inu tokens early. Their continued confidence suggests there could be more upside ahead for the memecoin.
