Shiba

Million

Shiba Inu

Frenzy

Coin

<ul class="news-points">
 <li>Shiba Inu investor turns $2,700 into $1.1 million.</li>
 <li>Shiba Inu’s K9 Finance DAO to list on LBank.</li>
 <li>Investor’s windfall sparks Pepe speculation.</li>
</ul>
A Shiba Inu (SHIB) holder, invested in the second-largest meme coin, has realized substantial gains over the past 3.5 years. According to on-chain data, a modest $2,700 investment grew to $1.1 million, a 419-fold increase.
The remarkable <a href="https://x.com/Shibtoken/status/1795223266413449228" target="_blank" rel="noopener noreferrer nofollow">feat was acknowledged</a> by the official Shiba Inu X account, stating that the monumental gain “showcases the power of patience, belief, and the potential of Shiba Inu.” Lookonchain <a href="https://x.com/lookonchain/status/1795122453087207450" target="_blank" rel="noopener noreferrer nofollow">data reveals</a> that the investor purchased 48.05 billion SHIB tokens on February 1, 2021, for two ETH, then valued at $2,625.
The tokens <a href="https://etherscan.io/token/0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce?a=0xe3380616c58aacf30430bdde6e354aca423d7a4a" target="_blank" rel="noopener noreferrer nofollow">were sold</a> approximately 12 hours ago for 278.7 ETH, worth over $1.1 million. The impressive return surprised the digital asset community, <a href="https://x.com/JamesWynnReal/status/1795125211844448370" target="_blank" rel="noopener noreferrer nofollow">with speculation</a> that the former SHIB holder may now invest in Pepe (PEPE), another prominent meme token that recently surpassed Uniswap (UNI) in market capitalization and currently ranks as the 19th largest cryptocurrency.
Meanwhile, the Shiba Inu X account also announced tha…
The post <a href="https://coinedition.com/shiba-inu-investor-reaps-1-1-million-windfall-fueling-meme-coin-frenzy/" rel="noopener noreferrer nofollow">Shiba Inu Investor Reaps $1.1 Million Windfall, Fueling Meme Coin Frenzy</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Shiba Inu Investor Reaps $1.1 Million Windfall, Fueling Meme Coin Frenzy

Coin Edition

Other articles published on May 28, 2024

The 4 Meme Coins Ready to Dominate Binance in 2024

BREAKING: DWF Labs May Have Invested $5 Million in This Memecoin

BlockDAG’s Leaderboard Reveals Astounding 800% Growth in Market Amid Solana vs Litecoin Debate & ...

Crucial USD-Bitcoin Statement Issued by Gabor Gurbacs

Bitcoin Price Drops Due to MTGOX Asset Movements

YouTube Co-founder Supports Pajamas Memecoin

Join our free newsletter for daily crypto updates!