Anonymous worth more than $1.5Bn after investing in Shiba Inu

• The anonymous person bought the Shiba Inu token 44 times in August 2020
• The price of Shib is up by more than 1000% in a month 
• The rally comes as a consequence of multiple listings. 

Recently, the price of a meme currency has roared in the market and is up by more than 4,437,530% since its time of launch in August 2020. The token, Shiba Inu, was created by an individual or group Ryoshi. Earlier, the token witnessed an all time high of $0.00008000 on October 27th and is currently trading at $0.00007042 at the time of writing.

According to Etherscan, an anonymous person brought a total of $3,400 worth of Shiba Inu. 

The investor converted Wrapped Ethereum into Shiba Inu. The meme currency was purchased 9 times by the same person in August 2020. The price of Shiba has skyrocketed since then, at the time of writing the anonymous person is worth more than $1.5bn.

An unknown user on twitter questioned whether the SHIB market was liquid enough if the person decides to sell. The market cap of Shiba is now worth more than $39.3bn and has skyrocketed more than 1000% in a month.

ALSO READ – CRYPTO PUNDITS EXPRESS CONCERNS ON SHIBA INU WHALES WHO NOW OWN BILLIONS

The reasons behind rallying of the meme token include listing on public apps like OKEx, FTX & Huobi, an implementation of burn mechanism. This made the tokens more valuable and a petition to list the token on Robinhood app, which attracted more than 300,000 signatures. Lately, the launch of “Shiboshi’s”, a non fungible token from Shiba Inu have also gathered familiarity. 

Shiba Inu recently out valued the most loved meme currency Doge and is currently the 9th largest crypto by market cap while Doge happens to be in 10th position by market cap.

The Doge killer has clearly won more hearts while some are calling the other meme currency “a boomer.”

While both meme currencies battle with each other, the retail traders and other investors are found to be profiting from it. Both the meme tokens have discovered substantial growth in the recent past.