Shiba Inu turned 2 years old today. SHIB was released on August 1, 2020. Within two years of its inception, the meme coin gained widespread attention. Then it got listing news from top crypto exchanges worldwide like Binance. In fact, only a handful of investors knew SHIB in its early days. Traders who invested on the day the cryptocurrency was released live as dollar millionaires today.
Earned $5.7 billion in 14 months with SHIB
It’s possible that a wallet that invested $8,000 in a Shiba Inu in August 2020 could register as the biggest trade of all time. The aforementioned wallet turned its profit to $5.7 billion in October 2021. Accordingly, the investor saw a 7,000,000% profit just 14 months after completing the purchase. In October 2021 alone, the SHIB price rose 1,000% to reach an all-time high of $0.000086. All it took was 400 days for the wallet’s $8,000 investment to turn into $5.7 billion. Also, this was not the only example. Two people in low-income jobs invested in SHIB in August 2020. These people are now dollar millionaires. Morning Brew was the first to report on the wallet, which went from $8,000 to $5.7 billion:
“This wallet invested around $8,000 in meme coin last August. It’s now worth $5.7 billion. From $8,000 to $5.7 billion in about 400 days. In fact, we may be looking at the largest retail trade of all time.”
Shiba Inu moved tokens
In November 2021, the investor started moving $5.7 billion SHIB to different wallets. Shiba Inu were transferring their assets to various wallets. However, the investor did not burn any amount of SHIB tokens in this process. The wallet has made billions of dollars. Now this investor lives to tell his children or grandchildren stories about the ‘greatest trade of all time’.
Will SHIB make its investors happy again?
Millions of people invested in the SHIB coin in late 2021 or early 2022. So if you invest $1,000, will it turn into millions or billions of dollars? In fact, the chances of a Shiba Inu repeating this are pretty low. Also, it is unlikely to appreciate 7,000,000% in the next 2 years. The boat for life-changing gains has already left shore. It looks like it will take years for SHIB to reach $0.01. As cryptokoin.com reported, there are too many Shiba Inu tokens that make it impossible to once again generate extraordinary earnings. So unless there is a major token burn, the meme coin will never reach the 1 cent mark. At the time of writing, SHIB was trading at $0.000011 and is down 1% in the last 24 hours.
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