How This Shiba Inu Trader Turned $8,000 Into $5.7 Billion

By BeInCrypto December 06, 2023 In Bitcoin, Cryptocurrencies, Shiba Inu

The Shiba Inu project spotlighted a trader who purchased $8,000 worth of Shiba Inu (SHIB) tokens in 2020 and turned the amount into $5.7 billion by October 2021.

There have been many zero-to-hero and, of course, hero-to-zero stories in the crypto ecosystem. Among all the interesting stories, some were highlighted by the Shiba Inu community through the fifth edition of the SHIB magazine.

Bitcoin Teen and the Mysterious Shiba Inu (SHIB) Trader

SHIB magazine talked about a trader whose Shiba Inu investments were valued at around $5.7 billion in October 2021. Etherscan data shows that the trader first purchased SHIB in August 2020 through Uniswap.

Then, throughout the course of three years, the trader sent SHIB tokens to different wallets. Especially during October 2021, when SHIB’s price almost peaked, the trader sent at least 20 trillion SHIB tokens to other wallets.

The screenshot below shows that the Shiba Inu trader currently holds around 200 billion SHIB tokens, worth $1.8 million. The identity of this trader has yet to be discovered.

Wallet of the Mysterious Shiba Inu Trader. Source: Etherscan

The SHIB magazine also highlighted the crypto journey of a 19-year-old, Erik Finman, calling him the youngest crypto millionaire in the world. Finman first purchased Bitcoin worth $1,000 when he was 12 years old. The SHIB magazine mentions:

“Today, at 19, he’s sitting on 403 BTC, worth a cool $2.8 million.”

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