- A $10 investment in SHIB in 2020 could’ve turned into over $1 million by late 2021.
- Even after an 84% drop, that same $10 would still be worth around $177K today.
- SHIB’s massive supply is its biggest hurdle, unless another major token burn happens.
Back in 2021, Shiba Inu (SHIB) wasn’t just a joke coin—it was making people wildly rich. Like, “retire-early-and-buy-your-dream-car” kind of rich. Regular folks with small paychecks turned tiny bets into life-changing money. It was one of those rare crypto moments that felt too crazy to be real… but it happened.
Yeah, $10 could’ve made you over a million
So here’s the wild part. If you’d dropped just $10 into SHIB on August 2, 2020, and cashed out at its peak on October 28, 2021… you’d have walked away with more than $1 million. Not kidding. The return? A ridiculous 10,303,317.81%. That’s over 10 million percent. Feels like a typo, but it’s not.
That little red meme dog made millionaires out of couch change.
It’s down now, but early holders are still way up
Okay, so SHIB’s nowhere near its peak anymore. It’s dropped over 84% from its all-time high of $0.00008616. Momentum’s been… kinda flat the past couple years. But even then? If you’d held that same $10 worth of SHIB from 2020 till now, it’d still be worth around $177,000. That’s still a 1.77 million percent gain.
Sure, it’s not $1M. But turning $10 into $177K? That’s the kind of return most people never see in their lifetime.
Can lightning strike twice?
So, could SHIB do it again? Ehh… maybe. But there’s a massive elephant in the room: supply. Right now, there are about 589 trillion SHIB tokens floating around. Yeah—trillion. That kind of supply makes big price gains hard unless something drastic happens.
One of the biggest price drivers last time was when Ethereum’s co-founder, Vitalik Buterin, burned a huge chunk of SHIB. He got half the supply when the project launched—and decided to burn 90% of it. That move dropped the circulating supply big time and sent prices soaring.
Unless there’s another major burn (or a massive utility shift), it’s gonna be tough for SHIB to pull off another moonshot like 2021. But hey, crypto’s weird… never say never.
