Sometimes you simply can’t reap the benefits of the seeds you sow. While the yield will leave you ecstatic, there’s no greater sadness than not getting the taste of the crop. One individual who pulled off what could be the most outstanding individual trade of all time may not be able to cash in on his investment. The investor managed to turn an $8,000 purchase into more than $5,000,000,000. It started with him purchasing a chunk of Shiba Inu in the August of 2020 when it launched. In only a matter of weeks, the decentralized cryptocurrency boomed beyond belief and even more so in the last 14 months.
This wallet bought roughly $8,000 of $SHIB last August.
It's now worth $5.7 billion.
From $8,000 to $5.7 billion in roughly 400 days.
We may actually be looking at the greatest individual trade of all time. pic.twitter.com/LtdgQ83bKP
— Morning Brew ☕️ (@MorningBrew) October 27, 2021
The wallet that had $8000 multiplied 712,500 times leaving his wallet pretty heavy and hefty with a whopping $5,712,184,031,11. Now the soaring stock story takes a sad turn as when a wallet is left inactive for 200 days or more, the owner has lost their password/keys to the wallet and cannot access their profit. A more macabre explanation is their death. If it’s not these two and simply the virtue of patience in the owner making him wait or undying confidence in the growth of Shiba Inu, then there are solutions but futile ones in this case.
Assuming the steadfast owner has all passwords in place, it could take some time to liquidate these assets, 114,000 days or 312 years, to be precise. The reason is, Coinbase, on which their wallet is located, has a $50,000 per day withdrawal limit. A quicker solution would be to sell his stake in Shiba Inu, assuming he is alive and can access the wallet.
