Shiba Inu was launched on August 1, 2020, and officially entered the DEX for trading five days later. The common public could buy and sell SHIB from August 5, 2020, and it’s now been five years since it was made available to the average investor. In five years, the dog-themed token has made several investors millionaires in a short period, with relatively few investments. Even an investment of $650 made a truck driver, who was early into SHIB, take home more than $1 million.
Also Read: How Many Shiba Inu Coins Must Be Burned To Hit $0.0001?
Shiba Inu is Now Five Years Old: $20 Became $1.6 Million in These Years
The latest SHIB data from on-chain metrics Changelly shows that an investment of $20 in Shiba Inu made five years ago on August 5, 2020, has turned into $1.6 million today. That’s a return on investment (ROI) of approximately 8,315,320% and is a mind-blowing return to a common man. A $20 investment never hurts the pockets of investors, as it’s a meager amount, as good as a meal.
Investors who took an entry position into Shiba Inu five years ago reaped the benefits of the rally. Traders who entered SHIB after it hit an all-time high of $0.00008616 in October 2021 are all under losses. SHIB experienced a spurt in price only a few times since then, but retraced in value in a week.
Also Read: Whale Brought Shiba Inu For $3,800, Sells it for $6.05 Million
The dog-themed token is unable to hold on to its bullish rally and plunges after hitting new peaks. It is unable to sustain in the cryptocurrency markets as new investments are drying up. In the last five years, Shiba Inu has only surged dramatically for two years and gone south for three years. It is now testing the patience of investors who have been holding empty bags for close to three years. The millionaire maker has now turned into a loss maker, and traders are mostly staying away from it.
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