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# Someone bought $3,400 worth of SHIB last August. It’s now worth $1.55 billion
- URL: https://www.theunredacted.co/someone-bought-3-400-worth-of-shib-last-august-its-now-worth-1-55-billion/
- Published: 2021-10-28T01:57:56.000Z
- Updated: 2021-10-28T01:57:56.000Z
- Author: Gene Goodwin

[Shiba Inu fetches a new ATH — 3 reasons why SHIB keeps jumping higherSHIB keeps hitting new all-time highs, but what’s really behind the altcoin’s moon mission?![](https://cointelegraph.com/favicons/apple-touch-icon.png)CointelegraphJordan Finneseth![](https://images.cointelegraph.com/images/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvMDliYTZiMDktNGM0Ni00YjRkLWFlODEtYTY3NjJhYWQxNzBhLmpwZw==.jpg)](https://cointelegraph.com/news/shiba-inu-fetches-a-new-ath-3-reasons-why-shib-keeps-jumping-higher?ref=theunredacted.co)

An address with the foresight to purchase $3,400 worth of Shiba Inu (SHIB) last August has seen the value of the coins grow to a whopping $1.55 billion today.

In total the unknown person has bought SHIB 44 times since August 2020 — with $3200 the largest purchase at any one time — and their total holding of 70,200,003,107,594 SHIB is now worth $5.63 billion.

After the wallet address was shared on Twitter, user “Untraceable” [questioned](https://twitter.com/DontTraceMeBruh/status/1453497845294698511?ref=theunredacted.co) whether the SHIB market was liquid enough to “absorb $5.7 billion if this wallet sells?”

According to Etherscan, the anonymous SHIB hodler [purchased](https://etherscan.io/token/0x95aD61b0a150d79219dCF64E1E6Cc01f0B64C4cE?a=0x1406899696adb2fa7a95ea68e80d4f9c82fcdedd&ref=theunredacted.co) the dog-themed token on nine occasions in August 2020, spending a total of $3,400 worth of Wrapped Ethereum (WETH) that month.

[Someone bought $3,400 worth of SHIB last August. It’s now worth $1.55 billionThe unknown hodler has purchased SHIB on 44 different occasions since August 2020, with their holdings now worth around $5.7 billion.![](https://cointelegraph.com/favicons/apple-touch-icon.png)CointelegraphBrian Quarmby![](https://images.cointelegraph.com/images/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvZThmZGZiNTItYjUwZS00M2UwLWE4NzMtZTQ1YzJmNzNhZDg3LmpwZw==.jpg)](https://cointelegraph.com/news/someone-bought-3-400-worth-of-shib-last-august-it-s-now-worth-1-55-billion?ref=theunredacted.co)

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![](https://storage.ghost.io/c/84/d6/84d6d285-f830-4f64-b923-2059f019767d/content/images/2021/10/hero-3.png)

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[Bored Ape Yacht Club NFT Breaks Record With $3.4M SaleSotheby’s sets a new high mark for a single Bored Ape saleIt’s a new record for the popular Ethereum NFT avatar collection, which has generated nearly $1B in secondary trading volume across its sets.![](https://cdn.substack.com/icons/substack/apple-touch-icon-1024x1024.png)NFT AlphaNFT Alpha![](https://cdn.substack.com/image/fetch/w_1200,c_limit,f_jpg,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F678ac6fa-6ffd-459f-8776-757c963113ed_1125x673.jpeg)](https://nftalpha.substack.com/p/bored-ape-yacht-club-nft-breaks-record)