$8000 SHIB wallet from Aug 2020 now worth $5 billion

Reposting my comment from the daily.

https://twitter.com/MorningBrew/status/1453445533754855433?s=20

https://etherscan.io/address/0x1406899696adb2fa7a95ea68e80d4f9c82fcdedd

I haven’t been in crypto for very long or very deep, but this is the craziest trade I’ve ever seen. That is like 6 MILLION X returns, not %, in like a little over a year.

I’ve largely ignored SHIB, not even on fundamentals and it being a real coin or whatever, but even on a meme level, I thought DOGE has it beat, that it was just a copycat and won’t have the history or community power of the original DOGE.

But I guess I was wrong. SHIB lays bare how subjective value really is. I thought it was loose before, but valuation is actually 100% based on feeling, 0% objective anything.