Shiba Inu’s 5-Year Miracle: How $20 Exploded Into $1.6M

From meme to millions—Shiba Inu just schooled traditional finance.

The dog-themed cryptocurrency that started as a joke just marked its fifth anniversary with a staggering ROI that'd make Warren Buffett blush. A mere $20 investment at launch would now be worth $1.6 million—assuming you survived the volatility rollercoaster without paper hands.

While Wall Street hedgies were busy shorting GameStop, crypto degens were quietly printing life-changing gains from dog coins. The ultimate middle finger to 'serious investors.'

Of course, for every Shiba millionaire, there are bagholders who bought the top. But today, the dogs are having their day—and the last laugh.

Shiba Inu is Now Five Years Old: $20 Became $1.6 Million in These Years

The latest SHIB data from on-chain metrics Changelly shows that an investment of $20 in shiba inu made five years ago on August 5, 2020, has turned into $1.6 million today. That’s a return on investment (ROI) of approximately 8,315,320% and is a mind-blowing return to a common man. A $20 investment never hurts the pockets of investors, as it’s a meager amount, as good as a meal.

Investors who took an entry position into Shiba Inu five years ago reaped the benefits of the rally. Traders who entered SHIB after it hit an all-time high of $0.00008616 in October 2021 are all under losses. SHIB experienced a spurt in price only a few times since then, but retraced in value in a week.

The dog-themed token is unable to hold on to its bullish rally and plunges after hitting new peaks. It is unable to sustain in the cryptocurrency markets as new investments are drying up. In the last five years, Shiba Inu has only surged dramatically for two years and gone south for three years. It is now testing the patience of investors who have been holding empty bags for close to three years. The millionaire maker has now turned into a loss maker, and traders are mostly staying away from it.