Shiba Inu has turned regular investors millionaires overnight within the span of a year. The coin has spiked +700% since the first week of October 2021 and its run has not stopped yet.
Data from Etherscan.io shows an unidentified and mysterious investor purchasing $8,000 worth SHIB coins back in August 2020. The $8,000 investment after 14 months has yielded a staggering profit of $5.7 billion. The humongous profits have come in less than 400 days after the investment. It has risen +94,278,239.8% since the day it was purchased.
Morning Brew, was the first to report on the Wallet Address and its profits. The business news firm took to Twitter with the snapshot of the Wallet Address and captioned it,
”This wallet bought roughly $8,000 of $SHIB last August. It’s now worth $5.7 billion. From $8,000 to $5.7 billion in roughly 400 days. We may actually be looking at the greatest individual trade of all time.”
Investors who held on to their assets from 2020 to the present-day have made enormous profits with SHIB. In other words, this is a classic example that holding on to the long term will bring massive wealth.
Shiba Inu, The ‘Zeroes’ Knocker
Shiba Inu was trading with 10 ‘zeroes’ in October 2020. In just a span of a year, the coin knocked out four ‘zeroes’ from its trade. SHIB is now trading in the indices with only four ‘zeroes’ and looks like it could delete another zero soon.
The coin defeated Dogecoin in terms of market cap and is now the 8th most traded cryptocurrency in the world. SHIB now enjoys a larger-than-life persona similar to how Dogecoin took the limelight in May 2021.
Nonetheless, Shiba Inu has achieved this feat without any promotions from celebrities, entrepreneurs, businessmen and movie stars. The coin has risen naturally and its community can be attributed to its phenomenal growth.
SHIB Gets Love From All Over the World
Investors are flocking to Shiba Inu from the United States, Canada, Australia, United Kingdom, India, Japan and the United Arab Emirates.
Shiba Inu is a low hanging fruit at present as it’s available for purchase at less than a Cent. The price makes it promising to investors who believe that it will bring generational wealth when it touches $1 someday.
In addition, SHIB is listed on Coinbase, Binance, eToro, WeBull, WazirX making it easy for people around the world to buy it. The ease in accessibility can also be attributed to Shiba Inu’s growth and popularity among the masses.
Shiba Inu at the time of publishing was trading at $0.00007994 and is up +42.69% in the 24-hours day trade.