Happycoin.club - An anonymous trader turned a small investment in the Shiba Inu memecoin into a mind-boggling million dollars, according to online data.
On January 31, 2021, an investor purchased approximately SHIB 48.1 billion for two “wrapped ether” (WETH) on the decentralized exchange Uniswap at a price of approximately $2,700.
The user held SHIB for about three and a half years and sold the coins yesterday morning when the token was trading at $0.000026.
The sale brought him $1.24 million, which is 47,592% more than his initial investment.
Shiba Inu is a memecoin that skyrocketed in price and made several early investors millionaires. Now, despite the lack of fundamental advantages, the meme coin ranks thirteenth in the overall ranking of cryptocurrencies by market capitalization with $15.2 billion.
On April 22, the team behind Shiba Inu raised $12 million through a token sale for the upcoming TREAT digital asset, which will serve utility and governance purposes on the new Layer 3 network. TREAT will also be the latest asset in the Shiba Inu token ecosystem.
Interestingly, SHIB is now among the digital assets that Republican presidential candidate Donald Trump is accepting.
