Early Shiba Inu investors would have made a massive profit of more than $7 billion if they had invested a minimum of $5,000 in SHIB.
As top crypto assets like Shiba Inu continue to witness huge downturns, many investors–especially those who entered the market after the 2021 bull market–are wondering what their fate might have been if they had benefited from SHIB’s historic surge.
Stories about Shiba Inu’s historic surge in the 2020/2021 market cycle have traveled far and wide across the financial world. Many investors have used the story to encourage newcomers to focus on long-term gains instead of short-term fluctuations.
Shiba Inu Historic Gain
Recall that Shiba Inu launched in August 2020, when the world was battling the effects of the coronavirus pandemic. It debuted on the Ethereum-based decentralized exchange Uniswap, with its price starting at $0.000000000056.
Despite the heavy market fluctuations due to the pandemic, some investors took the risk and purchased SHIB. As time went by, SHIB started gaining traction, with more investors adopting the token.
This attracted major exchanges like Binance to list the token in May 2021, driving its value to greater heights. Interestingly, Shiba Inu’s pseudonymous founder Ryoshi gifted Ethereum’s co-founder Vitalik Buterin half of SHIB’s supply–500 trillion tokens.
On May 17, 2021, Buterin burned over 410 trillion SHIB by sending the tokens to a dead wallet while gifting the remainder to charities.
The move contributed immensely to SHIB’s popularity, leading to its surge to an all-time high of $0.00008845 on October 28, 2021. This surge represents an increase of 157,946,328 (157.94 million percent) from SHIB’s initial price.
How $5K Would Have Turned Into $7B
Investors who purchased SHIB at its initial price and sold when the token reached its ATH raked in jaw-dropping returns. For instance, people who invested $5,000 in Shiba Inu when the token launched and traded at an initial price of $0.000000000056 would have procured 89,285,714,285,714 (89.26 trillion) SHIB.
Interestingly, the dollar value of this 89.26 trillion SHIB skyrocketed to $7.89 billion when Shiba Inu spiked to an ATH of $0.00008845 on October 28, 2021.
This represents a staggering 157,939X return on investment. Such an astronomical surge can give investors early retirement, regardless of their country of residence. Indeed, many crypto investors became millionaires and billionaires from SHIB with just a few thousand invested early.
Can Shiba Inu Replicate This Surge?
While this remarkable surge is fascinating, it is important to note that the possibility of Shiba Inu replicating this growth is highly unlikely. To put this into perspective, a surge of 157,946,328% from the current price of $0.00001239 will take SHIB’s value to $19.56 per token.
Shiba Inu will have a market cap of $11.52 quadrillion at this price, assuming SHIB’s circulating supply of 589.25 trillion tokens remains stable.
Notably, there is not enough money in the world to drive SHIB to this valuation. Hence, SHIB may experience another jaw-dropping rally of over 157 million percent.
