Shiba Inu: Trader Bags $514K Profit From BONE Amid Shibarium Hype

A savvy Smart Shiba Inu-focused investor recently tapped into the potent surge of the Shibarium-inspired altcoin BONE, banking sizable profits within a matter of weeks. Crypto market volatility is no stranger this season, but even amid it all, BoneShibaSwap (BONE) kept its trend line intact, surging forward on expectations of a major Mainnet launch. Thanks to the slick ethereum-based analytics from SpotonChain, the investor earned cool $541K ROI, capturing a 66.8% windfall in less than two months.

It’s interesting to learn how this trader’s success story unfolded. Apparently, starting June 5 thru June 10, they scooped up 972K BONE’s at an average price of $0.76, using 63.7K DAI, 210.7K USDC and 26.4ETH. Giving the total initial investment set at $743K. Further, BONE’s recent pump to $1.75 saw the investor easily locking in $476K when they dumped 272K BONE for 255ETH.

The 255 ETH turn earned them a transaction nest egg of 476 Ethereum tokens, still trading at $476 then. Thanks to that mid-flight analysis, they contritely and immediately put 259K BONE back into the equation — until BONE return to $1.53.

Early buyers of BONE were in luck again last Monday when the savvy speculator cashed out an impressive 572.7K BONE tokens. Backing 465ETH, which accounts for an impressive $876K payday. There’s perhaps similar FIRE success stories for generous crystal ball investors not averse to reading cryptocurerncy markets.

To date, it’s calculated the investor grabbed 1.25M of BONE in total at $0.96 — now selling 844K off for an average of higher price of $1.6, and rests with a generous 406.7K BONE nest egg due to increase the moment BONE gets listed top exchanges such as Binance and FinCoin.

Robert Wilson author
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