Shiba Inu Trader Makes $420K Profit With Successful Strategy
• An investor turns $30,000 into $450,000 by investing in memecoins like Shiba Inu (SHIB), Pepecoin (PEPE) and Dejitaru Tsuka (TSUKA).
• The investor gained the profit in a three-year period by adopting an interesting strategy.
• The largest winner for the investor was the TSUKA token which made them a 1000x gain of $250,000.
Shiba Inu Trader Makes Profit of $450,000
An investor has managed to turn a small amount of their memecoin holdings into nearly half a million dollars with an interesting strategy leveraging SHIB and Pepe market movements. Taking to Twitter, OnchainDataNerd detailed the trader’s strategy and highlighted some notable steps they took to secure this massive profit.
This memecoin trader went from holding $38,000 worth of coins to securing a staggering $450,000 within a three year period. Notably purchases were made in Shiba Inu (SHIB), Pepecoin (PEPE) and Dejitaru Tsuka (TSUKA), around the time when these meme-based tokens were newly introduced to the market.
Biggest Winner: TSUKA Token
The biggest winner for the investor was TSUKA token which earned them 1000x gain with profits totaling at $250,000. This asset was purchased for only $300 back in May 2022 before going on to surge in July which allowed the trader to transfer gains into another wallet in November.
SHIB & PEPE Update
The investor also made their first PEPE purchase on April 27th and later took out profits near its peak value in May – totalling at around $60,000 despite OnchainDataNerd speculating that there might have been miscalculation regarding exit timing. As well as this purchase being made, they also bought 2,500 worth of ETH back in March 2021 before making their SHIB purchase – thus earning them further profits afterwards as well.
Memecoins are some of the most talked about crypto assets currently as they seem to gain a lot of traction from social media hype amongst other external factors – proving themselves very profitable digital currencies indeed! It is clear that this Shiba Inu trader adopted an effective strategy which allowed them to make such a large return on investment – something which other investors can take inspiration from too!