SHIB was launched at a price so small it required scientific notation. By October 2021, it had risen 46 million percent from its lows. Someone who put $100 into SHIB at launch and held would have had over $46 million by October. Multiple wallets that had bought a few dollars’ worth at launch became worth tens of millions. It was the most insane percentage gain of any major token in crypto history.
The rally was driven by community organizing, Vitalik’s burn, mainstream listings (Coinbase added SHIB in September 2021), and pure FOMO. SHIB briefly flipped Dogecoin in market cap, becoming the largest meme coin in the world. Stories of “SHIB millionaires” and “SHIB billionaires” spread across financial media. For the few who caught it early, SHIB was the most life-changing investment of the 2021 cycle.
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