- A $10 funding in SHIB in 2020 might’ve become over $1 million by late 2021.
- Even after an 84% drop, that very same $10 would nonetheless be price round $177K right now.
- SHIB’s huge provide is its largest hurdle, until one other main token burn occurs.
Again in 2021, Shiba Inu (SHIB) wasn’t only a joke coin—it was making folks wildly wealthy. Like, “retire-early-and-buy-your-dream-car” sort of wealthy. Common of us with small paychecks turned tiny bets into life-changing cash. It was a type of uncommon crypto moments that felt too loopy to be actual… but it surely occurred.
Yeah, $10 might’ve made you over 1,000,000
So right here’s the wild half. For those who’d dropped simply $10 into SHIB on August 2, 2020, and cashed out at its peak on October 28, 2021… you’d have walked away with greater than $1 million. Not kidding. The return? A ridiculous 10,303,317.81%. That’s over 10 million p.c. Appears like a typo, but it surely’s not.
That little pink meme canine made millionaires out of sofa change.
It’s down now, however early holders are nonetheless manner up
Okay, so SHIB’s nowhere close to its peak anymore. It’s dropped over 84% from its all-time excessive of $0.00008616. Momentum’s been… kinda flat the previous couple years. However even then? For those who’d held that very same $10 price of SHIB from 2020 until now, it’d nonetheless be price round $177,000. That’s nonetheless a 1.77 million p.c acquire.
Certain, it’s not $1M. However turning $10 into $177K? That’s the sort of return most individuals by no means see of their lifetime.
Can lightning strike twice?
So, might SHIB do it once more? Ehh… possibly. However there’s a large elephant within the room: provide. Proper now, there are about 589 trillion SHIB tokens floating round. Yeah—trillion. That sort of provide makes massive worth positive factors onerous until one thing drastic occurs.
One of many largest worth drivers final time was when Ethereum’s co-founder, Vitalik Buterin, burned an enormous chunk of SHIB. He obtained half the provision when the mission launched—and determined to burn 90% of it. That transfer dropped the circulating provide massive time and despatched costs hovering.
Until there’s one other main burn (or a large utility shift), it’s gonna be powerful for SHIB to drag off one other moonshot like 2021. However hey, crypto’s bizarre… by no means say by no means.