"From $8,000 to over $5 billion": The story of the whale that changed the game in cryptocurrencies.
In the world of cryptocurrencies, there are unbelievable stories... but this story is entirely true. It's the story of one of the most famous "whales" in the market, an anonymous investor who entered early into Shiba Inu (SHIBA) and came out with a fortune.
The humble beginning
In August 2020, this investor bought a huge amount of Shiba Inu currency for only $8,000, when it was still relatively unknown and no one trusted it. The price was so low that this whale managed to own about 70 trillion units of the currency.
Rocket rise
In 2021, the community started talking widely about Shiba, and with support from Elon Musk and increasing interest from investors, the currency's value rose by more than 70,000,000% in less than a year.
With the currency reaching its peak, the value of this investor's portfolio exceeded $5.7 billion, making him one of the richest investors in the history of cryptocurrencies through a relatively simple investment.
What do we learn from this story?
1. Big opportunities come early: Entering promising projects before they become popular offers the chance for massive profits.
2. Patience is the key to success: This investor did not sell early, but waited for the project to grow.
3. Good judgment and calculated risk: Invested a relatively small amount compared to the returns, which is encouraged in meme projects and emerging currencies.
