There’s a saying in the stock and cryptocurrency markets that only ‘God and a liar can buy at the low and sell at the top’. The phrase suggests that nobody can purchase a stock at its complete low and sell it at its all-time high. Impeccable timing cannot be mastered in the markets due to its nature of being volatile. However, a strange yet mysterious Shiba Inu whale defied the market logic by taking a perfectly timed entry and exit position to make money with SHIB.
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The whale’s entry into SHIB during its low and perfectly timed exit during its high has baffled cryptocurrency experts. The Shiba Inu whale took an exit position into SHIB not once, but twice during the same year. While exiting at the top for the first time can be considered lucky, the whale exited five months later during another range high. In this article, we will highlight how a SHIB whale sold his/her holdings when the token reached its all-time high.
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Shiba Inu: The Tale Of A Perfectly Times ‘Entry & Exit’
An early Shiba Inu investor held 5.5 trillion SHIB in 15 different addresses after receiving it from a wallet ending with “0x7617”. When Shiba Inu began its ‘zero’ deleting spree during the first half of 2021, the address sold SHIB when it reached its high in May 2021.
Also Read: Shiba Inu Investor Regrets Selling Early: ‘I Would Have Made $1 Billion’
Shiba Inu became the talk of the town during this period in May 2021 gaining fame for its bull run. Mainstream media began covering the token after Dogecoin rose to prominence during the same time.
Surprisingly, the mysterious wallet remained quiet from May to October 2021 with little to no moments. When SHIB reached its new all-time high of $0.00008616 on Oct. 28, 2021, the whale dumped the tokens a day before it touched its ATH. You can read more details about the perfectly timed exit here.
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