Shiba Inu’s (SHIB) success is one for the history books. The asset’s quick rise to the top 15 projects by market cap is truly commendable. Investors who got into the asset in its early days have made millions of dollars in profit. The rags-to-riches stories around SHIB have solidified its name as a “millionaire-maker.”

Also Read: Cardano ADA: Whales Buying in as Analysts Predict 165% Surge

$100 Turns Into $4.1 Million

If you purchased $100 worth of SHIB on Aug. 2, 2020, the value of the investment would have risen to $4.11 million today. Your portfolio’s value would have increased by 4,119,895.1% (4.44 million percent).

Also Read: Ripple (XRP) May Be Bound for $4 in 2025, But When?

If you had sold your holdings when SHIB hit an all-time high of $0.00008616 in October 2021, you would have made $10.30 million. In this scenario, your portfolio’s value would have risen by 10,303,317.81% (10.30 million percent).

Is It Too Late To Become A Millionaire With Shiba Inu?

Many believe that the SHIB boat has already sailed. Others think there is still time to make it big with dog-themed crypto.

One signifiacnt factor behind SHIB’s incredible rally in 2021 was Vitalik Buterin’s massive token burn. Buterin received half of SHIB supply upon launch. The Ethereum co-founder decided to burn 90% of the tokens he received. Buterin’s actions led to a significant supply dip and a price spike. The project still has about 589 trillion tokens in circulation.

Also Read: VeChain: 200% Rally Has VET Eyeing Yearly High in December

Shiba Inu’s lead developer Shytoshi Kusama recently said that burns alone will not push SHIB’s price. Large burns have to be coupled with an increase in demand for prices to rally. The team is reportedly working on a new burn mechanism. The new burn portal is rumored to burn trillions of tokens yearly. The initiative could help SHIB’s price reach new heights, given demand surges as well.