Shiba Inu Price Crash Results in $422K Loss for Crypto Investor Who Held Position for 2 Years

A crypto investor, known as a "shark," has closed out a Shiba Inu (SHIB) position after 2 years, resulting in an 83.2% loss. The investor bought at the peak in March 2024 and withdrew 14.5 billion SHIB tokens, valued at $508,000 at the time. The position was transferred back to Binance, resulting in a realized loss of around $422,000. Shiba Inu now trades at $0.00000580, an 87% decline from its March 2024 peak.