A (SHIB), $13,000 investment, which was made last year, has risen to $5 billion. This is an increase of 38,461,400%.
Named after the memeified dog breed Shiba Inu, the Shiba Inu Coin is a joke spin-off from Dogecoin (DOGE).
It's not clear if the unknown investor will be able access the funds. The wallet was 'inactive" for 192 days with no transactions, buys, or sells.
Related: Shiba inu Coin Prices Rise to Record Highs After Robinhood Petition
The news of the record-breaking investment comes after SHIB rose to new heights over the weekend. This was despite the fact that a crypto whale purchased $11.5 million worth tokens Monday. SHIB's price dropped temporarily by 15% after. He is well-known for tweeting about crypto markets and he claimed that he doesn't own the meme coin. However, it has continued to rise.
In a surprising turn, SHIB surpassed DOGE in market capital last night. SHIB's current price is $0.00007642, with a $42 billion market cap. DOGE's market cap sits at $0.307222 and has a $40 billion market cap.
Despite recent gains by SHIB, many still believe DOGE is the "top dog". It's also a meme currency, but DOGE is the winner in terms of community and store of value.
Related: Elon Musk sends crypto coin plummeting: "True value is building products"
