Categories: Market

Thanks to SHIB, supermarket warehouse manager is retiring early at the age of 35

A man who invested thousands of dollars in Shiba Inu (SHIB) in February has now made a decent profit and quit his job to look after his children.

A Fortune report said Rob, a 35-year-old supermarket warehouse manager, invested $ 8,000 in SHIB when it was only $ 0.0000001. The amount of tokens he bought back then was 800 billion tokens. Back in May, when the price of Memecoin soared to an all-time high of around $ 0.00035, Rob withdrew $ 500,000 in cash from his savings.

The Hodler SHIB still has a token value of over $ 1 million after the bull run in October. This win has enabled Rob to stay home, look after his son, and participate in online discussions about SHIB-related projects. He plans to keep the remaining tokens at HODL.

“I firmly believe that Shiba still has a lot of potential. I would never withdraw my entire portfolio. “

The former manager belongs to the new generation of crypto users who have achieved millionaire and even billionaire status in the same way that many Bitcoin HODLers did after the 2017 bull run. At the time of writing, the SHIB price is trading at 0.000058 $, up more than 5,799,999,900% since last October.

SHIB is currently the 11th largest cryptocurrency on CoinMarketCap with a market capitalization of around $ 32.6 billion and over 549 trillion tokens in circulation.

SHIB award one year back. Source: Coinmarketcap

A hodler who made purchases similar to Rob’s when the project was listed last August is now a billionaire and a new whale in crypto space. However, if they liquidate a large number of tokens in the future, it could lead to a drop in the SHIB price like it did in May.

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Annie

According to AzCoin News

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.