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.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
Annie
According to AzCoin News
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…
Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…
Over the years, meme coins have evolved from inside jokes into serious investment opportunities.
Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…
Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…
Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…
This website uses cookies.