Bitcoin
BTC$19 108.68

-0.12%

Ethereum
ETH$1 051.12

-1.09%

Tether
USDT$0.999042

0%

USD Coin
USDC$1.000039

-0.01%

Binance Coin
BNB$216.74

-0.87%

Binance USD
BUSD$1.001586

0.07%

Someone bought $3,400 worth of SHIB last August. It’s now worth $1.55 billion


01 Nov 2021

#SHIBA INU

A SHIB hodler who spent $3,400 on the memecoin last August is now a crypto billionaire from that purchase alone, with the asset gaining 94,278,239.8% over the past year. An address with the foresight to purchase $3,400 worth of Shiba Inu (SHIB) last August has seen the value of the coins grow to a whopping $1.55 billion on Thursday. In total, the unknown person has bought SHIB 44 times since August 2020 — with $3,200 as the largest purchase at any one time — and their total holding of 70,200,003,107,594 SHIB is now worth $5.63 billion.

After the wallet address was shared on Twitter, user Untraceable questioned whether the SHIB market was liquid enough to “absorb $5.7b if this wallet sells?” According to Etherscan, the anonymous SHIB hodler purchased the dog-themed token on nine occasions in August 2020, spending a total of $3,400 worth of Wrapped Ethereum (wETH) that month.

As the price of SHIB has since gained more than 94,278,239.8%% over the past year to sit at $0.00008094 at the time of writing, the hodler has become a crypto billionaire from their August purchases alone. According to data from CoinGecko, the total market capitalization of SHIB is now worth $40.3 billion. The asset’s mammoth 1,063% gain in value over the past 30 days has seen SHIB oust the beloved Dogecoin (DOGE) it was modeled on as a top 10-ranked coin.

At the time of writing, SHIB is currently ranked ninth, while DOGE is sitting at 11th with a market cap of $31.6 billion. The flippening of DOGE has sparked a new meme online in which people are calling Dogecoin a “boomer meme coin.”

Earlier on Thursday, Cointelegraph’s market team reported on three reasons behind the bullish momentum of SHIB, pointing at an increase of user access via listings on multiple crypto exchanges, the launch of the Shiba Inu’s own nonfungible token project dubbed “Shiboshi’s,” and a surge in futures open interest on multiple exchanges, including OKEx, FTX and Huobi. While SHIB has seen a meteoric rise of late, DOGE’s appreciation fails to match up in comparison, with the elder memecoin gaining a mere 18.5% over the past 30 days to sit at $0.23.


Related

SHIB price eyes 30% drop with Shiba Inu's massive triangle breakdown underway
SHIB price eyes 30% drop with Shiba Inu's massive triangle breakdown underway
AMC to accept Dogecoin, Shiba Inu online payments soon
AMC to accept Dogecoin, Shiba Inu online payments soon
Brothers who made millions on Shiba Inu back new metaverse game
Brothers who made millions on Shiba Inu back new metaverse game
Libertex adds a hot CFD pair as the crypto dog fight hots up
Libertex adds a hot CFD pair as the crypto dog fight hots up
Shiba Inu, Dogecoin, Cardano, and More Crypto in FBS
Shiba Inu, Dogecoin, Cardano, and More Crypto in FBS
One million Shiba Inu users can't be wrong... can they?
One million Shiba Inu users can't be wrong... can they?
Shiba Inu in danger of topping signal as SHIB price loses 50% in 3 weeks
Shiba Inu in danger of topping signal as SHIB price loses 50% in 3 weeks
Shiba Inu the largest ERC-20 holding among ETH whales
Shiba Inu the largest ERC-20 holding among ETH whales
Shiba Inu could surpass Dogecoin after a 700% SHIB price rally in October
Shiba Inu could surpass Dogecoin after a 700% SHIB price rally in October

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 59.2% 88 $19 108.68 -0.12% -10.44% $364 683 630 223 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 54% 93 $1 051.12 -1.09% -14.27% $127 610 536 230 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.6% 1 $0.999042 0% -0.04% $66 018 262 534 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 95.6% 1 $1.000039 -0.01% 0% $55 804 793 378 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 65.2% 75 $216.74 -0.87% -9.37% $35 388 059 426 BNB 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 92.4% 1 $1.001586 0.07% 0.28% $17 575 061 690 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 68% 69 $0.317499 1.53% -12.57% $15 348 864 758 XRP 7 days price change
8 Cardano (ADA) ADA Cardano predictions 66.8% 72 $0.448366 -0.36% -10.65% $15 214 866 694 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 68% 70 $32.77 -0.23% -19.15% $11 253 894 583 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 66.8% 62 $0.066138 0.06% -13.89% $8 774 635 420 DOGE 7 days price change
11 Dai (DAI) DAI Dai predictions 94.8% 1 $1.000043 -0.04% 0% $6 895 987 122 DAI 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 68% 67 $6.72 -0.01% -16.62% $6 636 204 716 DOT 7 days price change
13 TRON (TRX) TRX TRON predictions 66% 74 $0.065733 3.58% -3.47% $6 079 571 196 TRX 7 days price change
14 UNUS SED LEO (LEO) LEO UNUS SED LEO predictions 73.6% 54 $5.87 2.64% -0.14% $5 604 429 157 LEO 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 71.2% 63 $0.000010 0.62% -13.36% $5 523 555 766 SHIB 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.