thecryptobasic.com
Bitcoin day trader Emily has disclosed profiting $5.7 million from Shiba Inu in addition to other substantial returns from similar meme projects.
In a recent post on X, Emily revealed her successes in engaging with prominent tokens in the meme coin market. According to her, she has realized multi-million dollars investing in Dogecoin (DOGE), Shiba Inu (SHIB), PEPE, and the more recent Solana-based coin Book of Meme (BOME).
$5.7M from Shiba Inu
In particular, Emily announced that she had made $5.7 million from Shiba Inu. As for Dogecoin, she declared a profit of $4 million. Her most successful meme coin trading investment was with PEPE, making $7 million.
Meanwhile, the Bitcoin trader declared a profit of $900,000 from the recently launched Solana meme, BOME. Considering the acclaimed successes in trading these meme coins, Emily sought the community’s opinion on which token to consider next.
I made $4 million from $DOGE
I made $5.7 million from $SHIB
I made $7 million from $PEPE
I made $900,000 from $BOME
What project is next? 😊
— Emily’s Universe 💎 (@Crypto__emily) April 8, 2024
However, Emily did not elaborate on the strategy behind accumulating these funds. She failed to mention whether the accrued $5.7 million from SHIB was a recent venture or a record dating to the 2021 frenzy.
Confirmed Shiba Inu Millionaires
While the lack of further data has triggered doubts, verifiable on-chain data has proven cases of investors securing massive profits from Shiba Inu this cycle. The Shiba Inu millionaires mostly amassed their wealth with modest initial investments, often just a few thousand dollars. This was primarily due to their earlier engagement with Shiba Inu before mass adoption.
For instance, an anonymous wallet expended $8,000 to acquire Shiba Inu from August 2020 to February 2021. He accumulated 103.3 trillion SHIB cumulatively and held on to most of it when Shiba Inu hit an all-time high in October 2021.
By then, the amassed SHIB had hit an astonishing value of $5.71 billion. This billionaire trade through Shiba Inu accounts for one of the few on-chain verifiable claims of fortune made through SHIB.
Another instance involves a trader who invested just $3,793 in Shiba Inu in August 2020, later realizing profits of at least $127 million. If this investor had held onto their SHIB tokens until the coin’s all-time high, their initial investment of barely $4,000 would have been worth a staggering $1.35 billion.