The crypto market is famous for turning traders into millionaires virtually overnight, and no sector has minted more millionaires than meme coins. The latest crypto millionaire was minted this week with the sale of $1.24 million worth of Shiba Inu—finishing a trade that started all the way back in 2021.
We’ll take a closer look at how this savvy trader grew their $SHIB position by nearly 450x and highlight a new meme coin with the potential to mint the newest class of crypto millionaires.
A $SHIB Trade 3+ Years in the Making
The trader at the heart of this story first purchased $SHIB in January 2021, months before most crypto traders had ever heard of Shiba Inu. At the time, $SHIB was only a few months old and priced at just $0.00000000012. That’s 9 zeroes!
The traders spent 2 ETH, or around $2,700, to purchase 48 billion $SHIB. Then, they simply held on.
The trader resisted the urge to sell when $SHIB rocketed more than 10,000x in May 2021, and again when $SHIB hit its all-time high in October. They held all through the crypto winter, refusing to give up on $SHIB and cash in their gains even when the market looked the most bleak.
Finally, this week, shortly after the death of Kabosu—the dog who inspired the original doge meme—the trader decided to sell their entire stash of 48 billion $SHIB. They cashed in for $1.24 million, realizing a profit of 444,444% on their original trade. Shiba Inu is currently priced at $0.0000265—now with only 4 zeroes.
There are more ‘diamond hands’ Shiba Inu traders still out there. For example, one who bought 50 billion $SHIB in 2021 is currently sitting on an unrealized profit of more than $1.2 million. It’s unknown whether that trader will sell soon or continue to hold through the current crypto bull market.
PlayDoge Could Be Next Meme Coin to Mint Millionaires
While this 3-year-long trade in $SHIB was exceptional, traders may not have to wait years to find the next millionaire-minting meme coin. A newly launched meme coin, PlayDoge, could deliver explosive 10x gains within a few months.
PlayDoge just launched a presale for its $PLAY token and raised more than $430,000 within the first 48 hours. It’s one of the hottest new crypto ICOs and appears on track to sell out $24 million hard cap well ahead of schedule.
Like Shiba Inu, PlayDoge is more than just a meme coin. The project is building a play-to-earn crypto game in which players are rewarded with $PLAY tokens for taking care of a virtual doge companion. Players can earn even more $PLAY by completing adventures and use their $PLAY to purchase in-game upgrades.
The project is reminiscent of Tamagotchi, the Japanese companion pet game that sold more than 82 million units in the 1990s. With its mobile apps for iOS and Android, PlayDoge could potentially reach an audience of hundreds of millions around the world. Analysts like Jacob ‘Crypto’ Bury have already predicted that PlayDoge could deliver 100x gains after launch.
The PlayDoge presale is still in its first round, giving traders a chance to lock in the absolute lowest price for $PLAY—essential for traders who hope to turn a few thousand dollars into $1 million or more. Early $PLAY investors can also stake their tokens and earn 696% APY, a great way to fill their bags with even more $PLAY.
