A crypto investor who made $120 million from Shiba Inu in 2021 is back in the market and has bought another $18 million
The investor bought a massive amount of SHIB early for a very low price in 2021 and sold at the right moment for a huge profit.
Based on AI predictions from PricePredictions, the whale's investment could grow to $79.2 million by 2028.
In the crypto world sometimes, timing—as well as the right amount of information can be everything.
LookOnChain in a recent tweet, brought attention to one diamond-handed whale trader, who rode the Shiba Inu wave from start to finish, buying one amount in 2021 and selling for a staggering $120 million profit.
This time around, the whale is back with another Shiba Inu investment—and we’d all like to know what they’re up to this time around.
The whale in question, according to LookOnChain, began their crypto journey by buying a whopping 5.5 trillion SHIB tokens for a mere $400,000 back in 2021.
This whale’s precision was almost too accurate, considering how they sold at two price peaks, pocketing a total of $121 million combined from both trades.
However, this whale doesn’t seem to be satisfied yet, as we will soon see. In fact, they’re doubling down on the memecoin once again.
LookOnChain pointed out that this whale has now blown another 4,849 Ethereum recently on SHIB.
This ETH amount is equal to around $18.44 million and was used to buy another 715.9 billion SHIB tokens.
The average crypto enthusiast knows what this means:
This whale expects another Shiba Inu boom—but what makes this trader so confident?
Back then in 2021, while the world still struggled to recover from the Covid-19 pandemic and Shiba Inu was a relatively new memecoin under Dogecoin’s shadow, this trader bought at an average price of around $0.0000000727 and held on for dear life.
This bold move eventually paid off, and the trader sold for a lot more than $120 million, in a staggering 29,900% return on investment.
This whale doubling down on Shiba Inu might be on to something once again.
According to the AI models from pricepredictions.com, Shiba Inu will increase by $0.00000344 over the next 7 days, reaching $0.00003 by 13th June 2024.
However, more than this, the AI models also put Shiba Inu at an average price of $0.000072 by next year, which would be a 172% price increase from current price levels.
Shiba Inu price predictions
By the time the next halving hits In 2028, pricepredictions.com says that Shiba Inu would have hit $0.000141, or a 340% price increase, allowing this whale’s $18 million investment to hit a whopping $79.2 million.
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