Shiba Inu (SHIB) has made millionaires out of early investors and long-term token holders. In a recent discovery, data from the Ethereum explorer Etherscan revealed that an anonymous crypto investor made over $1.5 million from investing just $17 in SHIB in 2020.
$1.5M Profit From Shiba Inu $17 Worth of Investment
An unidentified investor made a wise investment in Shiba Inu (SHIB) on October 27, 2020. The investor swapped 0.0436 ETH for exactly 202,179,695,624.57 SHIB tokens on this day using the popular DEX, Uniswap.
At the time of the transaction, 0.0436 ETH was valued at $17.53, while SHIB was changing hands at $0.000000000085. This means that the investor’s $17.53 investment was equivalent to 2.4 billion SHIB tokens.
The investor’s investment in SHIB paid off handsomely as the price of the meme coin appreciated exponentially in the following months.
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The investor’s timing was impeccable, as they purchased SHIB just as the hype around the coin was starting to build. In the months following the purchase, SHIB’s price skyrocketed, and the investor’s $17.53 investment was now worth over $1.5 million.
After taking profits from their SHIB investment, the investor diversified their crypto portfolio by accumulating several other meme tokens.
The investor accumulated a variety of meme tokens, including Papa Elon (PLON), Dogey-Inu (DINU), Star Elon (Starlon), Egg Token, Dobbermann, and many others. These tokens are all based on popular internet memes, and they have all seen significant price volatility in recent months.
Investors With Life Changing Shiba Inu ROI
Just to name a few among several investors who made life changing profit from SHIB, some investors stand out. Two investors have recently become millionaires after investing in SHIB. One of the investors is Rob, a former supermarket warehouse manager. He invested $8,000 in SHIB in February 2021 and sold his tokens in May 2021 for $1 million.
The success of Shiba Inu (SHIB) has inspired some investors who missed out on the initial rally to remain hopeful of a similar price increase in the future.
These investors are looking at projections that suggest SHIB could rally to $0.001 or even $0.01.
However, it is important to note that these projections are just that: projections. There is no guarantee that SHIB will reach these prices, and the cryptocurrency market is volatile.