How Shibtoshi gambled 37 ETH and became a Shiba Inu billionaire
Darius Kraucionis
| Crypto | Fintech | Advising | Strategic partnerships | Blockchain | Consulting | Business development | Investor relations
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Big Story?
“The One Web3 Trend You Can’t Ignore This Week”
How Shibtoshi gambled 37 ETH and became a Shiba Inu billionaire
In 2021, an anonymous investor, "Shibtoshi" turned a $95,000 gamble into a multibillion-dollar fortune by investing in Shiba Inu (SHIB). At its peak, his holdings were valued at $5.7 billion with just 37 ETH, making it one of the most legendary crypto trades in history.?
Shibtoshi identified SHIB’s potential as a meme-driven token, capitalizing on its growing community and viral appeal. Instead of following the crowd, he made an early entry, accumulating a massive position before SHIB gained mainstream attention. His patience paid off as the token’s value skyrocketed.?
However, this success came with a twist: holding such a massive position came with challenges—liquidating even a fraction of the tokens risked destabilizing the market and crashing SHIB’s value. Now, he faced the crypto whale's dilemma: He owned $5.7 billion worth of Shiba Inu but couldn't sell much without crashing the price.?
Shibtoshi’s story is a masterclass in early adoption, strategic risk-taking, and the high stakes of navigating crypto markets.?
Alpha Toolkits
"Tools, guide, and educational tips to Build Smarter in Web3."
zkSync: Simplifying Ethereum Scaling
zkSync is a Layer 2 scaling solution designed to make Ethereum faster, cheaper, and more accessible. It leverages zero-knowledge rollups (ZK-rollups) to bundle multiple transactions into one, significantly reducing gas fees while maintaining Ethereum’s security.
What is in for you with zkSync:
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Why Does It Matter?
zkSync is ideal for applications like DeFi, NFTs, and microtransactions, making Ethereum more accessible to everyday users and businesses. It’s a step toward scaling Ethereum for mass adoption while maintaining its core values of security and decentralization.
zkSync is there as the future of Ethereum’s usability and proving to be a must-know tool for anyone navigating the Web3 space.
Market Movers
"Who’s Winning (and Losing) in the Market Today."
Winners and losers in the past 12H.
Treasure DAO moves its Ethereum-based gaming ecosystem to zkSync Era, citing faster transactions, lower fees, and enhanced scalability. This shift marks a significant departure from Arbitrum, where the DAO previously operated.
Bitcoin's energy consumption metrics questioned, recent analyses challenge Bitcoin's energy consumption figures reported by Digiconomist. While Digiconomist estimates an annual usage of 204 terawatt-hours (TWh), the University of Cambridge suggests it's closer to 125 TWh—a 39% discrepancy. This disparity has sparked discussions about the accuracy of Bitcoin's environmental impact assessments.
French Hill, a strong crypto advocate, will chair the House Financial Services subcommittee in 2025, this shows a potential shift toward pro-crypto legislation. Could his leadership shape U.S. blockchain and cryptocurrency policies??
Andreessen Horowitz-backed policy advisor reportedly eyed as CFTC chair, signalled a potential crypto-friendly leadership at the regulatory agency. This could influence future blockchain and digital asset regulations in the U.S.?
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