A crypto wallet shows an investor made an $8,000 shiba inu coin purchase last year. Today, it is worth $5.7 billion. (2024)

FAQs

Who invested $8,000 in Shiba Inu? ›

A crypto wallet shows an investor made an $8,000 shiba inu coin purchase last year. Today, it is worth $5.7 billion. A crypto investor bought about $8,000 worth of shiba inu coins in August 2020. Just over a year later, the $8,000 trade has morphed into a value of about $5.7 billion.

Investing $1,000 in Shiba Inu at the current price of $0.0000242 would net you 41.3 million tokens. Simple math suggests those tokens would have to trade at $0.024 each for your position to be worth $1 million. In other words, Shiba Inu would have to deliver a gain of 99,900% from here.

Can Shiba Inu Coin Hit $1 in 2050? Whether 2030 or 2050, SHIB is unlikely to hit $1 due to the amount of tokens in circulation. Although the community is actively burning tokens, it remains doubtful that 99% or more of the supply will ever be burned.

Because of this, the largest holder of Shiba Inu is a dead wallet containing the contents of his Shiba Inu burn. The wallet holds 41% of the SHIB supply and has been topped up by further burns. The 2nd largest holder belongs to an anonymous investor who holds 48 trillion SHIB, or 8% of the total circulation.

Warehouse manager's $8K investment booms to a million in six months. After investing $8,000 in Shiba Inu, a warehouse worker made a daring move that led to early retirement at the age of 35. The risky investment paid off handsomely, turning the individual into a millionaire in six months.

If Shiba Inu were to reach a price of $0.01, given its total supply of 589.53 trillion SHIB, the resulting market capitalization would soar to approximately $5.9 trillion.

A $100 investment at the time could have bought 196,078,431,373 Shiba Inu. That investment would be worth an astonishing $6,398,039.22 today based on a price of $0.00003263 for Shiba Inu at the time of writing. Shiba Inu hit an all-time high of $0.00008845 in October 2021.

To become a millionaire through Shiba Inu, one needs to own a substantial amount of the token. Based on current market prices, for instance, if Shiba Inu reaches a price of $0.00003, having 33 billion SHIB tokens would make someone a millionaire. At present prices, this amount of SHIB would cost approximately $515,000.

More commonly known as Ripple, the XRP (CRYPTO: XRP) cryptocurrency seems to be in dire straits nowadays.

Can Shiba hit 10 cents? ›

Data from Telegaon suggests that SHIB might achieve its dream price target sometime around 2040. While this is more than a decade away, it looks like hitting the 10-cent mark will take longer. Telegaon expects SHIB will reach $0.10 only in the year 2050.

With this in mind, our Shiba Inu price prediction estimates a bull market peak price of around $0.000150, with potential lows of $0.000030 and an average price of $0.000080 by the end of 2025.

Currently, 97% of Coinbase users are buying SHIBA INU.

Out of the total crypto holdings in the wallet, only Shiba Inu has amassed a quantity in the billions. With a unit of SHIB currently trading at $0.00001329, the 54.89 billion SHIB held by the U.S. government are valued at $729,581. This positions Shiba Inu as the 19th-biggest token by dollar value in the wallet.

Can I buy SHIBA INU with cash? You can buy SHIBA INU on Coinbase with an approved payment method, including a bank account, a debit card, or you can initiate a wire transfer.

Many of the top holders of Shiba Inu include top cryptocurrency exchanges, including Binance, Robinhood, and OKX. Effectively these wallets are holding SHIB on behalf of centralized exchange users.

A staggering 96,086,320 Shiba Inu (SHIB) tokens (worth $1,364) were burned in a single transaction on Thursday, making it the largest burn event in the last two months. The transaction responsible for this monumental burn was conducted on August 29, 2024 at 21:19 UTC.