Shiba Inu has absolutely exploded over the last few weeks, with one crypto investor putting around $8000 into the Dogecoin-fueled meme coin -- and with the explosion in the price of Shiba Inu -- is now worth over $5.7 billion.
Yes, that's $5.7 billion -- or $5,700,000,000 from an $8000 investment. YOLO.
In August 2020 the crypto investor purchased a rather large bag of Shiba Inu: 70 trillion -- or 70,000,000,000,000. At the time, Shiba Inu was worth around $0.000000000189 while peaking yesterday at around $0.00008500. This is why that $8000 is now worth over $5.7 billion.
- Read more: Shiba Inu crypto skyrockets 27,000,000% in 1 year, thanks to Elon Musk
- Read more: Shina Ibu crypto price plummets 27% after Elon Musk says he holds none
This one person with 70 trillion Shiba Inu coins has over 13% of the entire supply, which has a total circulating supply of 549 trillion coins. The total market capitalization of Shiba Inu is around $40-$45 billion over the last 24 hours, and it has been showing no signs of stopping down. Not just in price, but in virality online: Twitter, Telegram, Reddit, YouTube, various tech companies, retailers, gaming, and so much more embracing the Dogecoin-fueled meme coin, Shiba Inu.
- > NEXT STORY: Call of Duty: Warzone Pacific announced: new map, new anti-cheat tech
- < PREVIOUS STORY: Sony to spend $14 billion on investments, will be aggressive on games