$18 Shiba Inu Investment Turns to $1.5 Million

On Oct. 27, 2020, an investor purchased more than 200 billion Shiba Inu tokens, becoming one of the earliest SHIB investors. At the time of purchase, the asset was trading with ten zeros around $0.000000000084245.

Source: Etherscan

According to transaction details from Etherscan, the user swapped 0.0436 ETH for 202,179,695,624.57 SHIB tokens on the day of his purchase using the Uniswap decentralized exchange. At the time of the transaction, 0.0436 ETH was estimated to be worth around $17.61.

Source: Etherscan

Also Read: Shiba Inu: How Many SHIB Tokens Does Elon Musk Own?

Shiba Inu Investor Earns 8,392,481% Profit in 3 Years

Data from Etherscan revealed that the wallet had registered only 1 SHIB transaction to date, i.e., the aforementioned “in” transaction. At press time, the SHIB holdings were worth $1,477,933.58. This marks a whopping 8,392,481% rise in value.

Source: Etherscan

Currently, the wallet possesses 65 tokens in general, with the majority of them being meme coins. A few of his tokens included: Shiba Predator [QOM], Tosa Inu [TOS], Inu [INU], Dogey Inu [DINU], Audi Inu [AIDI], Papa Elon [PLON], Star Elon [StarLon], Squid Game 2.0 [SQUID2.0], and Vibe Inu [VIBE].

When it comes to SHIB, the investor has been through all the rough patches. A few months after the purchase, i.e., on Nov. 28, 2020, the asset created an all-time low of around $0.000000000056366. From that level, the price of SHIB has appreciated by more than 12,843,644%.

Source: CoinMarketCap

Also Read: Shiba Inu: A $1,000 Investment Turns to $15 Million in Sept. 2023

Despite being in a bear market on the macro frame, the community is optimistic about SHIB’s long-term prospects. In fact, even AI is on the same page. As pointed out in a recent article, the My AI chatbot affirmed that exciting things lie ahead for Shiba Inu. Specifically, it said that SHIB has managed to garner a lot of attention lately, and as a result, lucrative opportunities could be on the cards for the asset.

Also Read: Shiba Inu: AI Says ‘Exciting Ups’ Lie Ahead for SHIB

  • shib
  • shiba inu

Comments

Post a Comment

Popular posts from this blog

Grayscale Investments Files for 3 New Exchange Traded Funds

On May 9, digital currency fund manager Grayscale Investments announced the establishment of the Grayscale Funds Trust and submitted registration filings for three exchange-traded funds with the U.S. Securities and Exchange Commission. Grayscale Introduces Grayscale Funds Trust and Files for 3 ETFs As the leading digital currency fund manager, in terms of assets under management (AUM), Grayscale Investments unveiled the Grayscale Funds Trust launch. The trust is a Delaware statutory trust structure designed to strengthen the company’s worldwide asset management capabilities. “A registration statement relating to Grayscale Funds Trust has been filed with the SEC but has not yet become effective,” Grayscale stated on Tuesday. Grayscale highlighted that they had previously established Grayscale Advisors, an SEC-registered investment advisor, which will serve as the new trust’s advisor. Besides the trust, Grayscale has also filed a registration statement for three additional funds. Thes
Read more

SlowMist Uncovers Fraudulent ImToken Wallet on Third-party Stores

The SlowMist Security Team has investigated and analyzed fake Web3 wallets from third -party app stores, warning users about the dangers of downloading wallet apps from questionable sources. In a recent tweet, the team shared their findings and urged users to stay vigilant in enhancing their security awareness when using wallets in the blockchain space. Investigation and Analysis of Fake #Web3 Wallets from Third -party A thread about the risks of using third -party app stores and the dangers of fake wallets in the #blockchain space. Full article here https://t.co/lYNDnM7Qzj — SlowMist (@SlowMist_Team) April 26, 2023 According to the team, third -party app stores like apkcombo and uptodown pose significant risks as anyone can publish apps with minimal cost, making phishing attacks more accessible. The team found a fraudulent version of the well-known imToken wallet on apkcombo, which transmits sensitive data, like mnemonics, to the attacker’s server. The report
Read more

Binance Breaks New Ground with Japan Launch, BNB Token to Take Center Stage

Image
BNB Token To Debut In Japan The cryptocurrency behemoth’s “Build and Build ( BNB )” exchange token, a native token of the BNB chain with broad usage on the Binance exchange, will launch in the Japanese market. The creation of this coin demonstrates Binance ’s strategic goal to target seasoned users. advertisement A variety of decentralized finance (DeFi) and Web 3-based blockchain-based game stocks, such as Solana (SOL), Aster (ASTR), Avalanche (AVAX), Jasmy (JASMY), and Axie (AXS), will be included in the cryptocurrency choices on sale. Domestic unlisted concerns that are not already managed by other exchanges are still being considered, despite not being included in the most recent notification. Binance Japan will not allow leveraged trading, which often entails using margins to purchase and sell assets repeatedly. This is a divergence from several of its rivals. Binance would need to meet stringent requirements to obtain a “Type 1 Financial Instruments Bu
Read more