A cryptocurrency investor recently made a fortune by investing in SHIB tokens.
In January, when the price was still low, the investor bought a large amount of SHIB tokens, accumulating approximately 1.24 trillion tokens at a cost of $11.66 million.Over the next two months, the price of SHIB surged, quadrupling in value. At its peak, SHIB briefly reached $0.00004 before experiencing a slight retracement.
This price surge led to significant profits for the investor, who had grown their Shiba Inu holdings to over $32 million by mid-March.On March 16, the investor deposited all their SHIB tokens to Binance and Gate exchanges, likely with the intention of selling them. If the investor's goal was indeed to sell, they would have made a profit of $23.5 million after sending 1.24 trillion SHIB to the exchange.
This trader also made substantial profits from other investments, earning $44.3 million from their FLOKI position and $5.82 million from their BIGTIME position.Another trader, known as "Shibtoshi," made headlines by becoming a billionaire by investing $8,000 in SHIB in August 2020.
Despite an initial drop in price after the investment, Shibtoshi's SHIB holdings grew in value as the coin's market capitalization rose to $30 billion. At its peak, Shibtoshi's SHIB holdings were worth over $5 billion, making them the first meme coin billionaire in the cryptocurrency world
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