The second-largest meme coin – Shiba Inu (SHIB) – has witnessed a whopping 300% price increase in the past month, thus placing itself among the most trending cryptocurrencies (once again). Its impressive rebound has also benefited some investors who had entered its ecosystem during its early days.

Lookonchain revealed the case of one particular trader who spent approximately $2,500 to purchase almost 50 billion SHIB tokens in 2021. After 30 months of staking, the individual withdrew 40.5 billion assets and deposited them into Coinbase.

The trader will make a profit of approximately $1.58 million should they decide to sell the stash, representing a gain of 628x.

WIF Made Millionaires, too

Shiba Inu is not the only meme coin to have exploded by triple digits in several weeks, thus positioning the investments of savvy traders well in the green.