Shiba Inu (SHIB) has turned many early investors into multi-millionaires. The project has several rags-to-riches stories that boosted the asset’s popularity among young investors. Many new traders wanted to make it big with SHIB, which had a meteoric rally from 2020 to 2021, with prices surging by many million percent.
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Let’s look at some investors who made over $1 million in profits after investing in SHIB.
Investors who made over $1 million with Shiba Inu (SHIB)
One American truck driver put in $650 in SHIB in 2020. Little did the middle-aged trucker know he would become a millionaire a few months later. In the ten months following the investment, SHIB’s price deleted five zeros after its decimal. The initial $650 investment turned into $1.7 million in May 2021. The increase in value translates to a growth of about 261,438%. The trucker’s employer later stated that the man quit his job after becoming a millionaire.
The second example is a 35-year-old blue-collar manager at a warehouse who put $8,000 into Shiba Inu (SHIB) in 2020. The token’s price rallied by about 70,000% a few weeks after the investment. The warehouse manager liquidated $500,000 worth of SHIB in May 2021 and kept the remainder of the tokens. The investor sold the rest for over $1 million in October of the same year when SHIB hit its all-time high of $0.00008616.
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The third example is that of two brothers from New York. The siblings lost their jobs during the COVID-19 lockdowns in 2020. The brothers decided to invest $7,900 in Shiba Inu (SHIB) and cashed out a whopping $9 million in May 2021. Their initial investment grew by over 113,824% in just a few months.
These examples have skyrocketed Shiba Inu’s (SHIB) popularity among new investors who want to make it big in crypto. However, the asset’s price has significantly dropped since its 2021 highs. Nonetheless, people are still attracted to the project in hopes of a 2021-like rally.