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Shiba Inu early investors are now billionaires; Should you invest?

Shiba Inu's current valuation of $41 billion is more than the market cap of ITC, Larsen and Toubro, Maruti Suzuki, Nestle India and Adani Green Energy. Despite the alt coin’s massive gains, price volatility makes it very risky

October 28, 2021 / 06:54 PM IST

Meme token Shiba Inu has been reaching “for the moon” with its price surging over 140 percent over the last week. The spike has made initial investors in the joke token billionaires.

One such holder, who had invested $8,000 in Shiba Inu in August last year is now worth a whopping $5.7 billion. “We may actually be looking at the greatest individual trade of all time,” the Morning Brew tweeted with a picture of the wallet of the user.