Buy Shiba Inu Rp48 Million In August 2020, Now It's Rp22 Trillion Because SHIB Prices Rise

Shiba Inu prices skyrocket (Filipinoshowbiz)

JAKARTA – The price of Shiba Inu (SHIB) has experienced a high increase in the last few days. The SHIB token developers have been burning in the past few days, they also managed to launch an NFT series called Shiboshi. SHIB's rising price rally has brought token holders a huge advantage.

Cointelegraph reported that an address bought SHIB worth US$4,800 (Rp48 million) last August. Token owners saw their value grow to 1.55 billion US dollars (equivalent to Rp. 22 trillion) today.

The owner of the SHIB token has purchased SHIB 44 times with the largest purchase of US$ 3,200 in one purchase since last August 2020. The anonymous figure is reported to have a total of 70,200,0003,107,594 SHIB which is currently worth 5.7 billion US dollars.

The wallet address of the SHIB token owner was shared on Twitter, not long after that token users were "untraceable" anymore. Other social media users questioned whether the SHIB market was liquid enough to absorb 5.7 billion if that many tokens were sold.

When viewed via Etherscan.io, the anonymous SHIB holder bought tokens starting in August 2020 and spent a total of $3,400 worth of Wrapped Ethereum (WETH) at that time.

Since the purchase to date the price of SHIB tokens has skyrocketed by more than 94,278,239.8 percent for one year. At the time of writing, the price of the token managed to break through to the level of 0.00008094 US dollars.

Based on data reports from CoinGecko, currently the total market capitalization of SHIB is worth 40.3 billion US dollars. In the last 30 days, the price of the SHIB token has increased by 1063 percent. In addition, SHIB has also managed to surpass Dogecoin (DOGE) by market capitalization. SHIB has successfully entered the top 10 cryptocurrencies.

Shiba Inu Token occupies the 9th position, while DOGE is in the eleventh position with a market capitalization value of 31.6 trillion. The Shiba Inu community or commonly known as SHIBAMY wants SHIB tokens to be traded on the Robinhood exchange. If that happens, the price of the Shiba Inu will skyrocket again.