{"id":51898,"date":"2021-10-28T10:45:19","date_gmt":"2021-10-28T07:45:19","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=51898"},"modified":"2025-09-03T02:10:26","modified_gmt":"2025-09-02T23:10:26","slug":"billions-on-shiba-inu-how-early-investors-rode-the-meme-to-riches","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/billions-on-shiba-inu-how-early-investors-rode-the-meme-to-riches\/","title":{"rendered":"Billions on Shiba Inu: how early investors rode the meme to riches"},"content":{"rendered":"<p>One of the early Shiba Inu investors, \u0432\u043b\u043e\u0436\u0438\u0432\u0448\u0438\u0439 \u0432 \u0430\u043a\u0442\u0438\u0432 $8000 \u0432 \u0430\u0432\u0433\u0443\u0441\u0442\u0435 2020 \u0433\u043e\u0434\u0430, has become a billionaire. Against the backdrop of the meme cryptocurrency&#8217;s rally, the coins on his <a href=\"https:\/\/etherscan.io\/address\/0x1406899696adb2fa7a95ea68e80d4f9c82fcdedd\">\u043a\u043e\u0448\u0435\u043b\u044c\u043a\u0435<\/a> are now worth $4.84 billion.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">This wallet bought roughly $8,000 of <a href=\"https:\/\/twitter.com\/search?q=%24SHIB&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SHIB<\/a> last August.<\/p>\n<p>It\u2019s now worth $5.7 billion. <\/p>\n<p>From $8,000 to $5.7 billion in roughly 400 days. <\/p>\n<p>We may actually be looking at the greatest individual trade of all time. <a href=\"https:\/\/t.co\/LtdgQ83bKP\">pic.twitter.com\/LtdgQ83bKP<\/a><\/p>\n<p>\u2014 Morning Brew \u2615\ufe0f (@MorningBrew) <a href=\"https:\/\/twitter.com\/MorningBrew\/status\/1453445533754855433?ref_src=twsrc%5Etfw\">October 27, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On October 27, 2021, SHIB <a href=\"https:\/\/u1f987.com\/en\/news\/meme-cryptocurrency-shiba-inu-hits-fresh-high-and-enters-the-top-10-by-market-capitalization\">reached an all-time high<\/a> near $0.00006. Over the last 24 hours the price rose by 23.5%, over the week \u2014 by 130%. Over the year the asset surged by 77,732,050%, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/shiba-inu\">CoinGecko<\/a>.<\/p>\n<p>As of writing, SHIB was trading near $0.000063.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"490\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/SHIBUSDT_2021-10-28_09-22-28-1024x490.png\" alt=\"\u041c\u0438\u043b\u043b\u0438\u0430\u0440\u0434\u044b \u043d\u0430 \u0441\u043e\u0431\u0430\u043a\u0430\u0445: \u0441\u043a\u043e\u043b\u044c\u043a\u043e \u0437\u0430\u0440\u0430\u0431\u043e\u0442\u0430\u043b\u0438 \u0438\u043d\u0432\u0435\u0441\u0442\u043e\u0440\u044b Shiba Inu\" class=\"wp-image-154221\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/SHIBUSDT_2021-10-28_09-22-28-1024w.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/SHIBUSDT_2021-10-28_09-22-28-300x144.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/SHIBUSDT_2021-10-28_09-22-28-768x368.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/SHIBUSDT_2021-10-28_09-22-28-1536x735.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/SHIBUSDT_2021-10-28_09-22-28.png 1834w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Hourly chart of SHIB\/USDT on Binance. Data: <a href=\"https:\/\/ru.tradingview.com\/symbols\/SHIBUSDT\/\">TradingView<\/a>.<br \/><\/figcaption><\/figure>\n<p>Shiba Inu&#8217;s market capitalization is $34.76 billion. This means that the address above holds nearly 14% of the current circulating supply of the cryptocurrency.<\/p>\n<p>In light of this, some members of the community asked whether the market is sufficiently liquid to &#8220;absorb&#8221; these billions if the holder decides to sell.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">So the question is, can the SHIB market absorb $5.7b if this wallet sells?<\/p>\n<p>\u2014 \u1d1c\u0274\u1d1b\u0280\u1d00\u1d04\u1d00\u1d07\u0299\u029f\u1d07 (@DontTraceMeBruh) <a href=\"https:\/\/twitter.com\/DontTraceMeBruh\/status\/1453497845294698511?ref_src=twsrc%5Etfw\">October 27, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Analyst Chris Blec noted that the investor bought the asset literally one day after Shiba Inu was launched. He said the address may belong to one of the project&#8217;s founders or people affiliated with them. Later he suggested that the meme cryptocurrency &#8220;could have been a venture capital game&#8221; from the very start.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Purchase was made 1 day after SHIB was created. Probably the creator or someone closely associated with him\/them.<\/p>\n<p>\u2014 Chris Blec (@ChrisBlec) <a href=\"https:\/\/twitter.com\/ChrisBlec\/status\/1453459283975286791?ref_src=twsrc%5Etfw\">October 27, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Another Shiba Inu investor became a millionaire in less than a year. In January 2021 he invested $434 in the cryptocurrency. The assets he acquired are now valued at $71.2 million, and at its peak were worth even more.<\/p>\n<p>Users also noted the address that holds the cryptocurrency donated by the India Covid Relief Fund. Earlier, Ethereum founder Vitalik Buterin <a href=\"https:\/\/u1f987.com\/en\/news\/vitalik-buterin-burns-90-of-his-shiba-inu-tokens\">donated 70 trillion SHIB to the organization<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">It appears this single private entity bought 80% of the SHIB donated by vitalik to the India Covid Relief Fund for around 400$M worth and is now sitting on 3.3B worth of SHIB <a href=\"https:\/\/t.co\/644vmULnaj\">https:\/\/t.co\/644vmULnaj<\/a> <a href=\"https:\/\/t.co\/xP9pJYVRj5\">pic.twitter.com\/xP9pJYVRj5<\/a><\/p>\n<p>\u2014 state (@statelayer) <a href=\"https:\/\/twitter.com\/statelayer\/status\/1453538893731610626?ref_src=twsrc%5Etfw\">October 28, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The address holds 80% of the donated funds by Buterin, which at current prices amount to $2.9 billion. In September the fund confirmed that it converted roughly 40 trillion SHIB into fiat via the Wintermute platform.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Summary of all the <a href=\"https:\/\/twitter.com\/search?q=%24SHIBA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SHIBA<\/a> tokens converted till date. <\/p>\n<p>We\u2019ve converted ~80% of <a href=\"https:\/\/twitter.com\/VitalikButerin?ref_src=twsrc%5Etfw\">@VitalikButerin<\/a>\u2018s donation for a total proceeds of 387,683,398.<\/p>\n<p>The remaining 20% is also transferred to <a href=\"https:\/\/twitter.com\/wintermute_t?ref_src=twsrc%5Etfw\">@wintermute_t<\/a> <\/p>\n<p>(2\/x) <a href=\"https:\/\/t.co\/Poh4kqt6vo\">pic.twitter.com\/Poh4kqt6vo<\/a><\/p>\n<p>\u2014 India\u2019s Crypto Covid Relief \ud83c\uddee\ud83c\uddf3 (@CryptoRelief_) <a href=\"https:\/\/twitter.com\/CryptoRelief_\/status\/1438929911863934979?ref_src=twsrc%5Etfw\">September 17, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In May, after Wintermute received the first tranche from the fund, its head Evgeny Gaevoy said that during implementation the cryptocurrency was distributed across several centralized and decentralized exchanges.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">% split per exchange: <a href=\"https:\/\/t.co\/sOtkpFEvLz\">pic.twitter.com\/sOtkpFEvLz<\/a><\/p>\n<p>\u2014 wishful cynic (@EvgenyGaevoy) <a href=\"https:\/\/twitter.com\/EvgenyGaevoy\/status\/1394407899544305668?ref_src=twsrc%5Etfw\">May 17, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In October, Elon Musk denied investments in Shiba Inu, after which the asset declined but quickly recovered.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, rates and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the early Shiba Inu investors, who put $8,000 into the asset in August 2020, has become a billionaire. Against the backdrop of the meme cryptocurrency&#8217;s rally, the coins in his wallet are now worth $4.84 billion.<\/p>\n","protected":false},"author":1,"featured_media":51899,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1269,1525],"class_list":["post-51898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrencies","tag-shiba-inu"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=51898"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51898\/revisions"}],"predecessor-version":[{"id":51900,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51898\/revisions\/51900"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/51899"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=51898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=51898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=51898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}