SHIB were bought for $3,400 in August of 2020, Now They Are Worth $1.55 Billion

An unknown user bought $3,400 worth of Shiba Inu in August of 2020, and today that person is a billionaire as SHIB has increased by 94,278,239.8% throughout these months.

That $3,400 worth of SHIB in August of 2020 is now worth around $1,55 billion at the time of writing this. 

However, this was not the only SHIB purchase that this person did. That person bought SHIB on 44 different occasions. So far, their wallet consists of around 70 trillion SHIB, and it is worth around $5.63 billion.

Once this information was made public on social media, people wondered whether there is enough liquidity for Shiba Inu if this person would decide to sell SHIB.

Etherscan suggests that this user has purchased 9 several times in August of that year, totaling around $3,400. Whether that user has anticipated this increase or if he is aware that SHIB has rocketed upwards, he or she is now one of the very few billionaires of the crypto industry.

Currently, SHIB has a market capitalization of around $40 billion. This has placed the coin in the top ten rankings. It has temporarily surpassed Dogecoin with market cap, making it a historical day for SHIB hodlers.

Related: Floki Inu vs. Shiba Inu – Differences and Similarities

The recent increase in the price of SHIB can be attributed to SHIB’s growing community, its Shiboshi NFT collection, listing in major exchanges, etc.

Also read: SHIBA INU Price Prediction 2021 and Beyond – Is SHIB a Good Investment?