- An investor turned an $8,000 Shiba Inu investment into $5.7 billion in less than 400 days.
- Shiba Inu’s value surged 85 million percent from January to October 2021, eliminating six zeroes from its price.
A mysterious investor’s early bet on Shiba Inu (SHIB) has reaped astronomical rewards, transforming an $8,000 investment into $5.7 billion. The increase in the price of SHIB in a period of 14 months is one of the most sensational gains ever witnessed in the cryptocurrency market.
An Unassuming Start Leads to Massive Profits
Shiba Inu was launched in August 2020 as a meme coin and at that time, it was priced at a very low value of a fraction of a cent with nine zeroes in its price. An unknown investor saw the opportunity and bought $8,000 worth of SHIB tokens during this period. However, SHIB received a rather unfavorable welcome, with its price dropping even lower and shedding an additional zero between August and December 2020.
Although many investors may have been tempted to sell during this period, the anonymous investor did not. This decision was to become critical as the fate of SHIB plummeted in 2021. Shiba Inu witnessed an extraordinary surge from January 2021 to October 2021, which increased by 85,000,000%. This surge removed six zeros from its price, thus making an $8,000 investment an unbelievable $5. 7 billion.
Such profit-making is extraordinary and lifts investors to the status of one of the richest people in the world. It has been described as the “greatest individual trade of all time” as it captures the massive returns that can be achieved from early investments in volatile and nascent assets such as cryptocurrencies.
Morning Brew, a financial media company, was the first to disclose this unique trade to the public. The story shows how lucrative high-risk investments in the cryptocurrency market can be, especially for those who invest at the right time.
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. pic.twitter.com/LtdgQ83bKP
— Morning Brew ☕️ (@MorningBrew) October 27, 2021
ClayBro Eyes Shiba Inu for Significant Gains
ClayBro, a YouTuber who shares information about cryptocurrencies, has recently shared his positive view on Shiba Inu (SHIB) and the meme coin segment. Recently, SHIB has come into focus, with its price rising by 27% in the last week. The token’s daily trading volume hit $223 million, further cementing its position as the fourth most traded meme coin.
According to ClayBro, SHIB may continue its uptrend, especially if Bitcoin has a good run. He opines that if Bitcoin hits $200,000, SHIB can surge to $0. 000056, which would be a 300% upturn from the current price.
Data from on-chain analytics point to a sharp rise in large transactions involving Shiba Inu. Market intelligence platform IntoTheBlock showed that large transaction volume for SHIB surged by 240% on August 11, amounting to 781. 4 billion SHIB. This upward trend was sustained, and on August 12, there was a 93% surge to 1. 51 trillion SHIB traded.
