The Shiba Inu token holder who invested thousands of dollars in memecoin in February has partially cashed out and became a full-time dad.
According to a report by Fortune on Thursday, a 35-year-old supermarket warehouse manager claimed to be Rob invest When the price was about 0.0000001 USD, 8,000 USD was injected into Shiba Inu (SHIB)-800 billion tokens were allocated to him. In May, when the price of coins soared to an all-time high of over 0.00035 USD, Rob cashed out part of his assets and deposited 500,000 USD into his bank account.
SHIB holders still own cryptocurrencies worth more than $1 million As the price of tokens soars In October. This funding allowed him to quit his job that paid $68,000 a year, stay at home to take care of his son, and participate in online discussions about the SHIB project. He plans to keep his remaining tokens.
“We firmly believe that Shiba can achieve more goals,” Rob said. “I will never take out our entire portfolio.”
This former warehouse manager is part of a new generation of crypto users who have achieved millionaire and even billionaire status in almost the same way as many Bitcoins (Bitcoin) HODLers did this after the 2017 bull market. At the time of publication, the price of SHIB was US$0.000058, which has risen by more than 5,799,999,900% since October 2020.
Some token holders made similar purchases with Rob when the project went public in August last year Now a billionaire And the new whale in the crypto space.However, if holders liquidate such a large number of tokens in the future, it may be possible Caused the price of SHIB to plummet Just like in May.
According to data from CoinMarketCap, SHIB token currently ranks the 11th largest cryptocurrency by market capitalization, Dogecoin (dog) Sitting in ninth place. At the time of release, the market value of SHIB was approximately 32.6 billion U.S. dollars, with more than 549 trillion tokens in circulation.