A lucky Shiba Inu investor turns $17 into $1.5M in a year!

With the crypto market on the rise, traders are gaining their portfolio value back. It became evident with one Shiba Inu investor turning 17 dollars into 1.5 million dollars.

The investor achieved this feat in one year alone, thanks to SHIB’s significant hike. The data, released by Etherscan from Ethereum, stated that an unknown investor had made over 1.5 million dollars.

The unidentified investor bought 17 dollars worth of SHIB back in 2020. A quick look at this data also revealed that the investor was among the earliest Shiba Inu adopters. The purchase was made only months after the meme token was released.

The unknown investor swapped 0.0436 ETH for 202,179,695,624.57 Shiba Inu. The transaction took place on Uniswap, the popular DEX. 

At this moment, 0.0436 Ether was valued at 17.53 dollars. On the other hand, Shiba Inu at that time was trading at 0.000000000085 dollars. The meme coin had a market cap of under 10 million dollars at the time of the purchase. Many new traders are looking for a precise Shiba Inu prediction to assess the token’s upcoming movement. As expected, the revelation has stirred a new wave of hope among investors. 

Given the steady rise of the crypto market, the Dogecoin Killer is also expected to reclaim its market status. Some experts even believe that Shiba Iny can rise to 0.001 dollars in the upcoming time. 

Ever since its launch, SHIB has gained massive market control while also assisting DOGE to gain attention. 

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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