Shiba Inu: Are SHIB Millionaires Buying More Cryptocurrencies?

Vinod Dsouza
shiba inu shib street bokeh lights

The internet is flooded with stories about early Shiba Inu investors who turned millionaires are reinvesting in other cryptocurrencies. Read here and here to know more details about the phenomenal tales for a better and more in-depth understanding. If you clicked on those two links that we mentioned, you would know that new and upcoming cryptocurrencies are only using the Shiba Inu brand to further their name using the ‘SHIB millionaires’ tale.

Also Read: Shiba Inu: A $2,000 Investment in SHIB Could Have Fetched $1 Billion

Shiba Inu: SHIB Millionaires Are Buying More Cryptocurrencies?

shiba inu
Source: Instagram / Nickelpack / Kenta Hayashi

After making more than $1 million by investing in Shiba Inu during its early days, no data suggests SHIB millionaires are buying more cryptocurrencies. The ones that were brought early, were sold a year after SHIB reached its all-time high of $0.00008616 in October 2021, and most probably never returned to the cryptocurrency markets again.

Two jobless brothers from New York that made $9 million with an investment of $8,000 in SHIB are leading a comfortable life. There is no data to suggest that the duo has re-entered the cryptocurrency markets in the last two years.

Also Read: Shiba Inu to 50 Cents? Here’s What Must Happen For SHIB To Reach $0.50

Also, a truck driver who quit his job after making $1.7 million with $670 in SHIB has not reinvested. The truck driver disappeared after making more than a million and could be leading a financially free life.

Shiba Inu Money
Source: Pixabay

Additionally, an investor who put a namesake $17 into SHIB during its launch made $6.9 million in eight months. Read here to know more details about the rags to riches story. Data from Etherscan shows that the investor never returned to the cryptocurrency markets again.

Lastly, a 35-year-old warehouse manager made more than $1 million with a $8,000 investment in SHIB. Again, there’s no data to show that the employee returned to the cryptocurrency markets.

Also Read: Shiba Inu: Can an Investment of $1,000 Turn to $1 Million After Shibarium Release?

In conclusion, the ones who earned millions in Shiba Inu have not re-entered the cryptocurrency markets. One can assume, they might have kept their millions in other safe assets and might not bet again.