Shiba Inu was launched on Aug. 1, 2020, and traded at a modest price of $0.000000000056 on day one. SHIB was a relatively unknown and obscure token and only a handful of investors knew about its presence. However, investing in SHIB in 2020 was considered risky as the token dipped dramatically erasing holders’ portfolios in an instant. Things changed in early 2021, as the dog-themed cryptocurrency got on a ‘zero’ deleting spree and the rest is now history.
In nearly three years of its existence, Shiba Inu has surprised and also shocked its own investors over the months. In this article, we will highlight the top 3 events that shocked and surprised SHIB investors.
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1. Shiba Inu Founder Ryoshi’s Disappearance
Shiba Inu founder Ryoshi’s disappearance shocked the SHIB community after he randomly deleted his Twitter handle one fine day on May 30, 2022. Ryoshi also deleted all his Medium blogs about the token including the first ‘All Hail the Shiba’. His sudden disappearance sent shockwaves in the community thinking that the token could be rug-pulled.
However, investors realized that Ryoshi packing up his bags was already planned in the first blog as he wanted the token to remain decentralized with no leader. According to Ryoshi’s vision, the investors are the real leaders and they should drive the token to glory.
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2. Stood Neck-to-neck with Dogecoin
During its initial days, Shiba Inu’s tagline was ‘Dogecoin killer’. The tone was sharp and strong at a time when Dogecoin had a significant stronghold. Billionaires, celebrities, sportsmen, and rappers, among others, were talking about DOGE. SHIB challenged DOGE’s position and also came close to dethroning it from basking in the limelight.
Shiba Inu overshadowing Dogecoin surprised investors as SHIB made a name for itself. Nonetheless, the Shiba Inu team removed the ‘Dogecoin killer’ language after news about it began circulating in mainstream outlets.
Also Read: Shiba Inu Investor Regrets Selling Early: ‘I Would Have Made $1 Billion’
3. Deleted Six ‘Zeroes’ In 10 Months
While investing in SHIB was considered a foolish choice in 2020, investors were surprised to see it kick-start a ‘zero’ deleting spree in 2021. An average investment of $1,000 turned into $1 million between January to October 2021 making investors regret not buying the token early. Moreover, the token has not deleted a ‘zero’ since it reached its all-time high of $0.00008616 on Oct. 28, 2021.