Shiba Inu (CRYPTO: SHIB) was launched in 2020 as a parody of Dogecoin (CRYPTO: DOGE), which itself was a parody of Bitcoin (CRYPTO: BTC). It started trading at $0.00000000051 per token, set a record high of $0.00008845 in 2021, but now trades at about $0.0000057.
In other words, a $1,000 investment in its market debut would have briefly blossomed to $173.4 million before shrinking back to roughly $11.2 million today. That’s still an impressive return for its earliest investors, but anyone who bought Shiba Inu at its all-time high is now underwater.
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