A NASCAR sports driver raised an astonishing amount of Shiba Inu (SHIB) in his Coinbase account. Interestingly, to the surprise of many, he has decided to return the valuable meme coins to Coinbase.
Keith McGee – an Alaskan- is among the first to begin the NASCAR race and the first person with a disability in NASCAR’s history. McGee is a driver on a part-time basis and is dependent on sponsorship funds for her livelihood.
Coincidentally he woke up on Thursday morning to find $181 million worth of Shiba Inu sitting in his Coinbase account. This came after his announcement on Wednesday that he had no way to obtain funding for his participation in the soon-coming NASCAR Camping World Truck finale at Phoenix Raceway.
MacGee wrote back to Coinbase, saying that the money did not belong to him and that coinbase should take back the money.
However, Coinbase has yet to respond to McGee about the amount, with people having mixed feelings about the return of this sum pending McGee’s situation.
Shiba Inu Tokenomics
Shiba Inu (SHIB) has been on since the beginning of October, catching the attention of many traders and investors. Even as the pioneer coins were quickly deepening their curves, the meme coin kept on rising.
At the time of writing, SHIB has a market cap of over $40 billion, according to CoinGecko. The meme coin currently has a value of $0.00007322; Having risen by over 1,000% to its current market cap from October 1st.
SHIB has risen by around 40% in the past seven days, lifting in the cryptocurrency rankings to 9th just past Dogecoin, which is now the 10th, according to coingecko.
In the last 24 hours, the meme coin has also seen another wave of +43%; giving it a new rise in market capitalization of more than $25.9bn. The trading volume for SHIB has also risen by 136%, accounting for more than $23bn of business. At this same time in October, $250m of SHIB was in exchange every day.
SHIB Makes Investors Billionaires
McGee’s announcement to return the meme coins has surprised many. His decision is coming at a point where the meme coin is turning regular investors into millionaires overnight.
It looks like the cryptocurrency’s run is picking up again after a deep curve occurring just recently. Furthermore, information from Etherscan shows that an unknown investor who bought $8,000 worth of SHIB coins in 2020 is now worth over 5 billion dollars in just 400 days.
This massive growth is due to the secret buyer’s ridiculous +94Million% profit on their initial capital. The announcement filled Twitter with the snapshot of a wallet address, saying that we might be facing the most significant individual trade of all time.
McGee should probably follow up on who sent him these coins and why before deciding to return them because, as it is, he is already an overnight millionaire. The possibility of MacGee getting another opportunity like this will take a more extended period before hitting his door again.
The price of SHIB has been ranging from May to October after its drop from its peak. However, investors’ intervention made the meme coin shoot up as they piled more SHIB, springing up new millionaires.