From 8,000 dollars to 5 billion dollars
"From 8 thousand dollars to over 5 billion": the story of the whale that changed the game in cryptocurrencies
In the world of cryptocurrencies, there are incredible stories... but this story is completely true. It is the story of one of the most famous 'whales' in the market, an anonymous investor who got in early on the Shiba Inu coin (SHIBA) and walked away with an extraordinary fortune.
The modest beginning
In August 2020, this investor bought a massive amount of Shiba Inu coin for only 8,000 dollars, when it was still almost unknown and no one trusted it. The price at that time was so low that it allowed this 'whale' to own around 70 trillion units of the coin.
The meteoric rise
In 2021, the community began to widely discuss Shiba, and with the support of Elon Musk and the growing interest from investors, the value of the coin increased by more than 70,000,000% in less than a year.
And with the value of the coin reaching its peak, the value of this investor's portfolio surpassed 5.7 billion dollars, thus becoming one of the richest investors in the history of cryptocurrencies through a relatively simple investment.
What do we learn from this story?
1. Great opportunities come early: getting into promising projects before they become popular provides the chance for huge profits.
2. Patience is the key to success: this investor did not sell early, but waited until the project grew.
3. Good judgment and calculated risk: he invested a relatively small amount compared to the returns, and this is what is encouraged in Meme projects and emerging cryptocurrencies.
