Someone in Shib made $123 million with $3,800!
SHIB, the cryptocurrency, is really amazing, and has made many early investors millionaires. I heard that an investor only used $3,800 and finally made $123 million! Let's take a look at what happened.
Shiba Inu (SHIB) is a leader in cryptocurrency. Only one year after its release, the price has soared. At that time in 2021, the price of SHIB doubled several million times. Those who invested early made a lot of money, and SHIB also got the reputation of "millionaire maker".
There is also an article saying: Trump has talked about cryptocurrency, what is the market outlook?
This SHIB investor, who took a fancy to this dog-themed cryptocurrency from the beginning, is now making a lot of money. According to LookOnChain data, a big guy sold 100 billion SHIB on November 12, 2024, and made $2.85 million. But this is not the most amazing thing. On August 6, 2020, he bought 15.28 trillion SHIB with only $3,800. Now he still has 2.5 trillion SHIB, worth $75.2 million. In total, he made about $123 million!
There is also an article to talk about: Is VeChain (VET) ready for a big rise?
Now, do you still want to be a millionaire with Shiba Inu?
SHIB's big rise in 2021 is all thanks to Vitalik Buterin's "coin burning" plan. Buterin took half of the SHIB at the beginning, but he decided to burn 90% of the tokens. With this burn, the number of SHIB decreased, and the price naturally went up.
There are still about 589 trillion SHIB in circulation on the market. If the SHIB team can reduce the number of tokens, maybe we can see a big rise like in 2021. I heard that the Shiba Inu team is working on a new "coin burning" mechanism, which will burn trillions of tokens every year. However, we have to wait and see when this new mechanism will be launched.
Another article said: On the Dogecoin side, Trump let Elon Musk take the lead in the D.O.G.E. organization.
Shiba Inu (SHIB) is a cryptocurrency with high popularity and many fans. This is its best feature. Maybe one day it will reach a new high again
If you always miss the point and don't know how to operate, you have to meet one condition to keep up with the learning: you have to be strong in action, do it as soon as you say, like + leave a message, I will help you make a lot of money!
