$1,000 in SHIB Five Years Ago? Here’s the Jaw-Dropping Total You’d Be Sitting On Today
Memecoin mania turns pocket change into generational wealth—or vaporizes it. SHIB’s rollercoaster proves both are possible.
Back in 2020, dropping a grand on Shiba Inu tokens seemed like buying lottery tickets. Today? That bet either moonwalked past retirement goals or got wrecked by crypto’s infamous volatility.
The math speaks for itself. Early SHIB adopters watched gains hit six figures during 2021’s bull run—only to see 90% evaporate when the bears arrived. Classic crypto whiplash.
Timing was everything. Buy at the local top? Ouch. Catch the dip? Legend status. Either way, the lesson’s clear: memecoins print life-changing money… until they don’t.
Wall Street still sneers at ‘dog money.’ Meanwhile, SHIB’s top holders laugh all the way to decentralized banks. The ultimate middle finger to traditional finance? A token with a dog’s face outperforming their precious hedge funds.
Image source: Getty Images.
But in 2023, the developers built Shibarium, a layer-2 blockchain solution on top of Ethereum that essentially allows transactions to be conducted off of Ethereum. The purpose is to ease congestion on Ethereum's network and also make Shiba Inu transactions more affordable. Shibarium also introduced a burning mechanism that will essentially delete tokens from Shiba Inu's huge supply during certain transactions. Shibarium has also become a place where developers can build decentralized applications.
If you'd invested $1,000 in Shiba Inu five years ago right at the start, here's how much you'd have today.
It's been a wild ride
Cryptocurrencies are volatile as it is, but meme tokens can be even more volatile, given that they also tend to have a very popular following on social media. Historically, Shiba Inu has tended to be more volatile than, the world's largest cryptocurrency, experiencing more violent swings both up and down.
The cryptocurrency launched a little under five years ago at the price of $0.00000782. At its all-time high in October 2021, the token rose all the way $0.00006704. It then came down significantly before experiencing another big swing higher in March 2024. But since then, the token has struggled, perhaps due to high interest rates and also some of the volatility experienced this year.
As of this writing on July 30, Shiba Inu trades at $0.00001290, meaning after everything, the token is up about 65% over the last five years, which is not nearly as good as theindex's roughly 95% gain. So, if you had invested $1,000 in Shiba Inu in August 2020 when the token launched, you'd have about $1,650 today.
