A mid-tier crypto investor, commonly known in market circles as a “shark,” has closed out a Shiba Inu (SHIB) position after 2 years, walking away with an 83.2% loss. Blockchain data from the Arkham intelligence platform confirmed the move. The wallet address “0xb0e8” ended a two-year period of dormancy with a series of transfers to Binance, the world’s largest cryptocurrency exchange by trading volume.

The timing could not have been worse when the position was originally opened. The investor bought at the peak. Two years later, the market delivered its verdict.

A $508,000 Bet Placed at the Worst Possible Moment

In March 2024, the investor withdrew 14.5 billion SHIB tokens from Binance. The position carried a market value exceeding $508,000…