The popular meme coin Shiba Inu (SHIB), which has recently become the star of the cryptocurrency market, fascinates investors with its rise. According to CoinGecko data, the coin, which currently has a one-year return of 85,016,009.0, has made a serious profit to its former investors. As it provided a whale that bought a large amount of SHIB in August of 2020…
The investment of the meme coin whale exceeds billions
The trade with SHIB, which can be considered “the greatest retail trade of all time”, was made in August of last year. A wallet whose owner is anonymous bought a substantial amount of SHIB at the time. This amount was valued at $5.7 billion when SHIB hit an all-time high (ATH) of $0.00008616.
While the total amount at the time of the record could be estimated at $5.7 billion, it has already “lost” $1 billion in value due to a pullback in the SHIB/USD trading pair. At the time of writing, SHIB is now trading at $0.000007 after pulling back from the current ATH of $0.000086. Mudollars is at its peak, the meme-based token Shiba Inu has grown by almost 1,000 percent since October 4 of this year. In the last 24 hours, it has grown by nearly 40 percent and Cryptocoin. com, it went head-to-head with Dogecoin, with its market cap of $35 billion.