There is no denying Shiba Inu’s (SHIB) incredible success over the last four years. The asset’s price has risen by a massive percentage since its launch in August 2020. During the 2021 bull run, the dog-themed cryptocurrency’s price skyrocketed by many million percent. Early investors made big gains with minimal investments.
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Just $36 In Shiba Inu Becomes $1 Million Today
Source: Watcher Guru
If you had invested $36 in SHIB on Aug. 2, 2025, the investment would have been worth more than $1 million today. Your portfolio would have risen by 2,782,548.89% (2.78 million percent).
Source: Changelly
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SHIB hit an all-time high of $0.00008616 on Oct. 28, 2021. If you had sold your $36 worth of SHIB when the asset was at its peak, your investment would have been worth $3.7 million. In this scenario, your portfolio’s value would have risen by 10,303,317.81% (10.3 million percent).
Source: Changelly
Why Did The Asset Rally So High In 2021?
Source: Watcher Guru
One of the most significant reasons for SHIB’s incredible 2021 rally was Vitalik Buterin’s massive token burn. Buterin received half of the SHIB supply upon launch. The Ethereum co-founder decided to burn 90% of the tokens he received and donate the rest to charity. His actions led to a significant dip in supply while demand was high. The development led to a significant price spike for SHIB.
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Shiba Inu (SHIB) still has about 589 trillion tokens in circulation. The massive supply is one of the most significant barriers to the asset’s price. If the project can undertake another 2021-like burn while keeping demand high, we may witness another massive price spike for the asset. The SHIB team is reportedly working on a new burn mechanism, rumored to burn trillions of tokens yearly. We are yet to know when the new burn mechanism will launch.
