Someone bought $3,400 worth of SHIB last August. It’s now worth $1.55 billion
![Someone bought $3,400 worth of SHIB last August. It’s now worth $1.55 billion](/content/images/size/w2000/2021/10/1_P6yHER2RLyifaXdCGqSsTQ-1.jpeg)
Shiba Inu fetches a new ATH — 3 reasons why SHIB keeps jumping higher
SHIB keeps hitting new all-time highs, but what’s really behind the altcoin’s moon mission?
![](https://images.cointelegraph.com/images/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvMDliYTZiMDktNGM0Ni00YjRkLWFlODEtYTY3NjJhYWQxNzBhLmpwZw==.jpg)
An address with the foresight to purchase $3,400 worth of Shiba Inu (SHIB) last August has seen the value of the coins grow to a whopping $1.55 billion today.
In total the unknown person has bought SHIB 44 times since August 2020 — with $3200 the largest purchase at any one time — and their total holding of 70,200,003,107,594 SHIB is now worth $5.63 billion.
After the wallet address was shared on Twitter, user “Untraceable” questioned whether the SHIB market was liquid enough to “absorb $5.7 billion if this wallet sells?”
According to Etherscan, the anonymous SHIB hodler purchased the dog-themed token on nine occasions in August 2020, spending a total of $3,400 worth of Wrapped Ethereum (WETH) that month.
Someone bought $3,400 worth of SHIB last August. It’s now worth $1.55 billion
The unknown hodler has purchased SHIB on 44 different occasions since August 2020, with their holdings now worth around $5.7 billion.
![](https://images.cointelegraph.com/images/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvZThmZGZiNTItYjUwZS00M2UwLWE4NzMtZTQ1YzJmNzNhZDg3LmpwZw==.jpg)
![](https://www.momsjustice.today/content/images/2021/10/240786221_4402117899848068_7143739672234915720_n-2.jpg)
As with the early days of the internet, no one knows where the evolution will end 🤝
Sign up NOW later I will explain don’t let this Once in a Lifetime opportunity pass you by.🌠
![](https://cdn.substack.com/image/fetch/w_1200,c_limit,f_jpg,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff7d76fc0-cba6-4920-95ac-07c1b257230c_687x399.jpeg)
![](https://www.momsjustice.today/content/images/2021/10/nft-artwork.jpg)
![](https://www.momsjustice.today/content/images/2021/10/hero-3.png)
Bored Ape Yacht Club NFT Breaks Record With $3.4M SaleSotheby’s sets a new high mark for a single Bored Ape sale
It’s a new record for the popular Ethereum NFT avatar collection, which has generated nearly $1B in secondary trading volume across its sets.
![](https://cdn.substack.com/image/fetch/w_1200,c_limit,f_jpg,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F678ac6fa-6ffd-459f-8776-757c963113ed_1125x673.jpeg)