Shiba Inu (SHIB) Investor Misses Out on Earning $10 Million

In a fortunate tale of events, an investor purchased $4,000 worth of Shiba Inu tokens during its early days in 2021. However, in an unfortunate tale of events, the early SHIB investor missed the golden opportunity of becoming a multi-millionaire, simply by selling his holdings much early.

Here’s how it all unfolded between January 2021 to April 2024. An investor put $4,000 in Shiba Inu in January 2021 at a price point of $0.00000003 (seven zeroes). The $4,000 investment in SHIB got the holder to accumulate a massive 122.92 billion tokens at that time.

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As soon as Shiba Inu briefly spiked in price, the investor sold 31.889 billion tokens made him recover his initial investment of $4,000 and took home $4,600. Now the investor held on 91 billion tokens but played it much smarter this time around.

In the days that followed when Shiba Inu began deleting its zeroes between February to May 2021, the investor made the most of the price run. He sold 13.3 billion SHIB tokens in April and another 7.7 billion tokens in May.

Also, in the first week of May, he dumped all his remaining 69.8 billion SHIB tokens and walked away with a bounty of $800,000. That’s an impressive return on investment (ROI) of about 19,900%.

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Shiba Inu: $4,000 Could Be Worth $10 Million Today

While earning $800,000 through an investment of $4,000 is stellar, the same could have been $10 million today. That’s a big amount to lead a comfortable life without having to worry about your job or the next paycheck. There are several tales like these from the Shiba Inu community where investors missed the chance to make millions.

Also Read: Cryptocurrency: 3 Coins Can Double in Price in April 2024

The long-term goal now for SHIB investors is to hold on till the token reaches the $0.01 mark. When that happens, the majority of present-day holders could see their portfolios spike to $1 million or more.