User who bought SHIB in February quits job after becoming a millionaire

A Shiba-Inu token holder who invested a few thousand dollars in memecoin in February sold some of his holdings to devote himself to a family man.

According to a Fortune story dated Nov. 4, a 35-year-old grocery store manager identified only as Rob invested $ 8,000 in Shiba Inu (SHIB) when the price was around $ 0.0000001, which is what made him made it possible to get hold of $ 800,000 million tokens. In May, when the price of the token rose sharply to an all-time high of over $ 0.00035, Rob sold some of his holdings to add $ 500,000 to his bank account.

The investor in SHIB still has more than a million dollars in the cryptocurrency after the token’s price spike in October. The funds have enabled her to quit her job, which raised $ 68,000 a year, to stay home and care for her son, and to participate in online discussions about SHIB projects. You plan to HODL your remaining tokens.

User who bought SHIB in February quits job after becoming a millionaire
User who bought SHIB in February quits job after becoming a millionaire

“We firmly believe that even more can be achieved with Shiba,” said Rob. “I will never sell our entire investment.”

The former warehouse manager is part of a new generation of cryptocurrency users who have achieved millionaire and even billionaire status, just like many Bitcoin (BTC) HODLers after the 2017 Bull Run. At the time of going to press, the price of SHIB is $ 0.000058 and has increased more than 5,799,999,900% since October 2020.

Some users who made purchases similar to Rob when the project started last August are now billionaires and new whales in the cryptocurrency space. However, should holders liquidate such a large number of tokens in the future, it could result in the price of SHIB falling as it did in May.

According to CoinMarketCap, the SHIB token is currently the eleventh cryptocurrency by market capitalization, while Dogecoin (DOGE) occupies ninth place. At the time of this story, SHIB’s market capitalization is approximately $ 32.6 billion with more than 549 billion tokens in circulation.

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