Shiba Inu (SHIB), the meme-inspired cryptocurrency, celebrated its second anniversary on August 1, 2022. Since its launch in 2020, SHIB has evolved from an obscure token to a globally traded asset listed on major crypto exchanges. While most early investors missed the boat, a handful who recognized its potential became millionaires—and one became a billionaire.
The $8,000 Trade That Made History
One Ethereum wallet (viewable on Etherscan) executed what analysts now call "the greatest individual trade of all time." Here’s how it unfolded:
- Initial Investment: $8,000 in SHIB (August 2020)
- Peak Value: $5.7 billion (October 2021)
- Timeframe: ~400 days
- ROI: 7,000,000%
The surge was fueled by SHIB’s October 2021 rally, where prices spiked 1,000% to an all-time high of $0.00008616. Morning Brew first reported the story, tweeting:
"From $8,000 to $5.7 billion in 400 days. We may be looking at the greatest trade of all time."
By November 2021, the investor began redistributing SHIB to other wallets—without burning tokens—effectively securing billions in profits.
👉 Discover how low-wage workers also struck gold with SHIB
Could SHIB Deliver Such Gains Again?
While SHIB’s past performance is staggering, experts argue a repeat is improbable due to:
- Market Saturation: With 549 trillion SHIB circulating, reaching $0.01 would require a market cap surpassing Apple’s valuation.
- Burn Mechanism: Significant token burns are needed to reduce supply and drive prices meaningfully.
- Realistic Timelines: Analysts project the "1-cent dream" could take until 2030+, contingent on aggressive burns and adoption.
Current SHIB Status (2024)
- Price: ~$0.000012 (varies by exchange)
- 24-Hour Change: -0.1%
FAQs About SHIB’s Meteoric Rise
Q: How many exchanges list Shiba Inu today?
A: SHIB is available on 100+ platforms, including Binance, Coinbase, and OKX.
Q: What’s the minimum investment to become a SHIB millionaire now?
A: Given current supply, you’d need ~83 billion SHIB ($1 million at $0.000012)—a $996,000 investment.
Q: Did the $5.7 billion wallet cash out?
A: The investor moved holdings to new wallets but hasn’t liquidated publicly.
Q: Can SHIB hit $0.01 without burns?
A: Almost impossible. The circulating supply must drop drastically to support such valuation.
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Disclaimer: Crypto investments are high-risk. Conduct independent research before investing.
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