A user invested $8,000 in Shiba Inu cryptocurrency and earned over $5,000,000,000

The $8,000 invested a year ago in the mock cryptocurrency Shiba Inu has made a user a billionaire.

What's known

Shiba Inu took away the title of the main joke cryptocurrency from Dogecoin. At only $0.00007228 at the time of writing this post, it already has a market capitalization of almost $40 billion and is in the top 10 digital currencies, ranking 9th. By the way, Dogecoin with $0.2941 and capitalization of $38.57 bn has moved down to the 10th place, though in spring it was second only to Bitcoin and Ethereum.

In August 2020, a user purchased 70.2 trillion Shiba Inu coins for only $8,000. 14 months later, he became a billionaire. It is now approximately $5.04 billion. At the time of publication of the information on Morning Brew's Twitter page, 70.2 trillion coins were worth $5.7 billion.