Since its launch in August 2020, Shiba Inu (SHIB) has earned a name for having turned many early investors into millionaires, and in some cases, even billionaires. From its inception to reaching its all-time high of $0.000008616 in October 2021, SHIB saw a rise of about 85,000,000% (85 million percent). This whopping return turned small investments into millions.
One such early investor purchased $8000 worth of SHIB in late 2020. When SHIB reached its all-time high on Oct. 21, 2021, the investment ballooned to a whopping $5 billion. Many called this the greatest trade of all time.
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Soon after, reports began to emerge that the investor may have lost access to the wallet. However, this was not the case. The investor sold $2.9 billion worth of SHIB a few days after it reached its all-time high. The remaining SHIB was also sold a few days later, and the investor was never heard from again.
Shiba Inu investor misses out on becoming a billionaire
While the previous instance was that of an investor walking away with billions, there is another who missed becoming a billionaire with SHIB. An early investor purchased 25 trillion SHIB tokens, which were worth around $2000 in their early stages. However, SHIB’s prices were headed down in the first few weeks after the purchase. The investor panicked and sold the tokens at a loss.
However, had the investor held on for a few more months, the 25 trillion SHIB tokens would have been worth about $1 billion. When SHIB achieved its all-time high, the investor posted a video on TikTok sharing his disbelief.
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He stated, “I just got a message from a couple of mates and they told me that Shiba Inu has gone up 67 million percent since January. Now in January [2021] I was browsing Reddit and came across a recommendation for buying meme currencies. One of them was SHIB. At that time I put $2,000 into it and I left it for a couple of weeks. It went down and I sold it for a loss.”
The investor concluded the video by saying, “It turns out that would now be worth $1 billion if I hadn’t sold it. Now how to live with that?”
At press time, Shiba Inu (SHIB) was trading at $0.00000727, with a 0.0% change in the last 24 hours.
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