Shiba Inu wallet started with $8000, now worth $5.7 billion

Someone purchased around $8000 worth of Shiba Inu in August 2020, in October 2021 that $8000 investment is worth over $5.7 billion.

@anthony256
Published Thu, Oct 28 2021 7:51 PM CDT   |   Updated Wed, Nov 24 2021 3:09 PM CST

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.

Shiba Inu wallet started with 00, now worth .7 billion 02 | TweakTown.com
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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.

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.

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NEWS SOURCE:hypebeast.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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