How $10,000 Turned Into $2.5 Billion? Shiba Inu (SHIB) Takes You on the Road to Billionaires!
Early Shiba Inu (SHIB) investors are among the luckiest few in the crypto community. Those who held out until SHIB hit an all-time high of $0.00008616 in October 2021 saw massive returns on minimal investment. During the 2021 bull run, the price of the dog-themed cryptocurrency rose by millions of percentage points. Those who participated in the project early on became millionaires overnight.
According to Bubblemaps, one of the earliest Shiba Inu (SHIB) whales controls nearly 10% of the asset’s supply. Despite the massive gains, the whale wallet continues to hold onto its tokens. Between August and October 2020, the whale purchased 38 ETH worth of SHIB, which was around $10,000 at the time.
How $10,000 Turned Into $2.5 Billion?
Fast forward to October 2021, and the whale’s SHIB holdings have surged to nearly $5 billion in value after SHIB hit an all-time high. To increase anonymity, the whale split his holdings into 14 different wallets. In 2023, the whale further split his holdings into 150 different wallets.
The Shiba Inu Fund (SHIB) has seen a significant drop in value over the past few years. The asset is down 71.6% from its 2021 high. As a result, the whale’s holdings have also lost some value. Today, the whale holds nearly $2.5 billion worth of SHIB and shows no signs of selling.
What would happen if the whale sold his Shiba Inus?
The whale controls nearly 10% of the SHIB supply. The whale’s wallet holds more SHIB tokens than the public wallets of Binance and Robinhood. If the whale decides to sell his holdings, the SHIB community will be in chaos. The price of the asset could plummet, and investors and fans will start to panic.
The whale's firm diamond hand brings stability to the project. At present, the identity of the whale is unknown. This person may even be Ryoshi, the anonymous creator of SHIB.
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