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In August 2020, an anonymous trader bought about 70 trillion $SHIB worth ~$8,000.
At the time, SHIB was a new, worthless memecoin seen as just another useless $DOGE clone destined to die.
For months, nothing happened but the wallet kept holding.
Then 2021 came.
The memecoin mania started. Elon Musk tweeted. Reddit got involved. Exchanges rushed to list it as retail traders flooded into the market.
$SHIB went on one of the most violent pumps in crypto history: up 49,000,000% at its peak.
That $8,000 bag reached a peak value of around $5.7 billion, making this one of the greatest trades in financial history.
The position was so large that they couldn't sell it without crashing the price themselves, but they did manage to cash out hundreds of millions.
This story is proof that in crypto, you need to be delusional to make generational wealth.
You may be the next. Never stop believing in something 🤝