Shiba Inu (SHIB) is one of the few cryptocurrencies that has turned investors into millionaires and, in some cases, billionaires in just a year of its launch.
Since its debut in August 2020, till it hit an all-time high of $0.00008616 in October 2021, SHIB’s price rallied by many million percent. Early investors reaped massive profits, solidifying the asset’s reputation as a “millionaire-maker.”
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Popularity, Downturn, and Millionaire Investors of Shiba Inu (SHIB)
Popularity and Downturn
SHIB’s incredible performance during the 2021 bull run led to its immense popularity among new crypto investors.
People wanted to make it big quickly within the budding industry. Despite its popularity, SHIB’s price took a downturn after its 2021 peak and has since struggled to regain the same momentum.
With that said, let’s look at the investors who made it big with SHIB.
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Shiba Inu Investors Who Made Millions and Billions
$8,000 to $5.7 Billion: One of the most popular SHIB stories is that of the investor who purchased $8,000 worth of SHIB in late August 2020. Four hundred days later, in October 2021, the $8,000 had grown to $5.7 billion. The rise in the portfolio’s value was around 12,499,900% (12.49 million percent).
$650 to $1.7 Million: Another story is that of a middle-aged American truck driver who invested $650 in Shiba Inu in 2020. The investor had no idea that SHIB deleted five zeros in 10 months, earning him a cool $1.7 million in May 2021.
$7,900 to $9 Million: Many people lost their jobs during the Covid-19 pandemic. Two brothers from New York who also lost their jobs during the lockdowns invested $7,900 in Shiba Inu. The brothers earned $9 million in May 2021 as their investment spiked 120,000% in six months.
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Key Takeaways
These examples show that getting into a project early has many benefits. These stories made SHIB a very popular asset. By the time others got a whiff of SHIB’s incredible performance, it was too late, and the asset began to head down.
SHIB still has a lot of potential for growth and could hit new highs in the future.