A handful of investors made more than $1 million by investing a meager sum in Shiba Inu during its initial days. Traders who took an early entry position into SHIB made life-changing and mostly resigned from their regular mundane jobs. Few others have also retired and now living a life equipped with financial freedom. So what could be the deciding factor that made them millions? Is it luck or hard work? The answer is timing.
Also Read: Shiba Inu: SHIB Turns $3,600 Into $19 Million in 3 Years
Yes, timing played an important role as only early investors took the cake and also ate it. The latecomers (who invested after October 2021) are all sitting with massive losses. In this article, we will highlight how a trader made $1 million by investing $8,000 into Shiba Inu.
Shiba Inu: A Trader Earns $1 Million After Investing in SHIB
A 35-year-old warehouse manager took a risky bet and invested $8,000 into SHIB during its early days in 2020. He cited that he was impressed with the 28-page whitepaper and decided to invest in SHIB. Luck favored the trader and rewarded him with $1 million in profits in less than a year.
Also Read: If Shiba Inu Burns 100 Trillion Tokens a Year, Will It Reach $0.01?
SHIB spiked 85,000,000% (85 million percent) between 2020 to October 2021, where it reached its all-time high of $0.00008616. He had also cashed out $500,000 in May 2021 when SHIB began rallying in the charts.
The phenomenal spike made the trader’s portfolio balloon to $1 million in just a year. The investor withdrew a majority portion of his holdings and resigned from his job the same year.
Also Read: When Will Shiba Inu (SHIB) Reach 2 Cents?
He added that being a part of the Shiba Inu community gave him a sense of belonging. SHIB made regular hard-working and low-wage earners taste the millionaire life in a short period. No other asset, including Bitcoin, Ethereum, the stock market, and gold has delivered this much returns in a year lately.