Trading and investing in meme coins are two totally different things. You tends to focus on the technicals and market bias when it comes to trading, but when it comes to investing, you need to have conviction. If you’re conviction-deficit, then you’ll want to dump your bags and exit after every minor hiccup.

A Shiba Inu investor recently became a millionaire by just staying within the ecosystem for 1212 days. According to on-chain data from Etherscan, the investor had bought more than 48.09 billion SHIB tokens towards the end of January in 2021. The purchase was made via the Uniswap exchange using wrapped Ether. The investor had spent around $2700 to acquire SHIB.
After holding onto the investment for more than three years, the investor sold it a few hours back, when SHIB's price was hovering around $0.000026. The SHIB sale was valued at ~$1.25 million. This marked an increase of ~47,000% from the initial investment value.

Shiba Inu Holder Dynamics
Shiba Inu’s market participant dynamics heavily lean towards investors over traders. According to data from IntoTheBlock, more than 3/4th of the investors have been holding their bags for more than a year. Around 21% have been mid-term holders or cruisers, who typically hold for 1-12 months. The remaining 3% compose of traders, who flock around within the ecosystem for less than a month.

In other related news, the Shiba Inu team raised $12 million a few weeks back via a token sale for its upcoming utility asset TREAT. The token will be used on a new Layer-3 network for governance. TREAT will also be the last asset floated in Shiba Inu's ambit. Investors including Polygon Ventures, Mechanism Capital, and Big Brain Holdings took part in the token sale.