"Fulamak must be the best if everyone can experience this kind of fate."
Over the years, the successful cryptocurrency market has resulted in huge profits for many parties, so Shib Magazine would now like to reveal an extraordinary story involving a Shiba Inu (SHIB) investor.
The team behind the memecoin project shared that there was a trader who bought $8,000 worth of SHIB in August 2020 then his investment turned into $5.7 billion in October 2021 when the price went up massively.
Explained further, the mysterious trader sent trillions of SHIB to different wallets in November 2021 when the price was at an all-time high of $0.000088.
Even so, the trader still holds around 200 billion SHIB equivalent to about $2 million calculated at current rates.
Please note that the price of SHIB has recently seen a significant increase as the rest of the crypto market is in a bullish momentum, causing Dogecoin (DOGE) to climb almost 30% in the past two weeks.
Through observation, SHIB exchange outflows have significantly outstripped inflows, where such a shift towards self-custody methods can be seen as a subsequent price increase that removes immediate selling pressure.
Another factor likely to drive SHIB's rise is the resurgence of the memecoin season following DOGE, Pepe Coin (PEPE), Floki Inu (FLOKI) and Bonk Inu (BONK) are among the best performers.
As of this writing, SHIB price jumped by 0.53% to $0.00000969 in the last 24 hours with a market capitalization of $5 billion further recording a gain of 8.87% over the last week.
