A supermarket warehouse manager retires early at the age of 35 thanks to SHIB
A man who invested thousands of dollars in Shiba Inu (SHIB) back in February has now made a decent profit and quit his job to take care of his children.
A report from Fortune says Rob, a 35-year-old supermarket warehouse manager, invested $8,000 in SHIB when it cost only $0.0000001. The amount of tokens he bought at that time was 800 billion tokens. Back in May, when the memecoin price rose dramatically to an all-time high around $0.00035, Rob withdrew $500,000 in cash from his holdings for savings.
The Hodler SHIB still has over $1 million in token value after the October bull run. This profit has enabled Rob to stay at home to take care of his son and participate in online discussions about SHIB related projects. He intends to continue to HODL the remaining tokens.
“I strongly believe that Shiba still has a lot of potential. I will never take out my entire portfolio.”
The former manager belongs to a new generation of crypto users who achieved millionaire and even billionaire status in a similar way to the status many Bitcoin HODLers achieved after the 2017 bull run. At the time of writing, the SHIB price is trading at $0.000058, up more than 5,799,999,900% since last October.
SHIB is currently the 11th largest cryptocurrency on CoinMarketCap with a market cap of around $32.6 billion and over 549 trillion tokens in circulation.
SHIB/USD YOY chart. Source: Coinmarketcap
A hodler who made similar purchases to Rob when the project was listed last August is now a billionaire and new whale in the crypto space. However, if they liquidate a large number of tokens in the future, it could cause the SHIB price to plunge similar to May.
- The reasons SHIB price fell over 50% and its next support
- The owner of the wallet with $5 billion in Shiba Inu begun transferring the funds to different wallets