A Shiba Inu (SHIB) token holder has cashed out partially his investment in memecoin. This investment was made in February to become a stay-at-home dad.
As per Fortune report, Rob, a 35-year-old supermarket warehouse manager, invested $8,000 into Shiba Inu (SHIB) when the price of the token was roughly $0.000001. In May, when the price of token increased significantly to hit a ATH of over $0.00035. This forces Rob to cash out a portion of his holdings to deposit $500,000 into his bank account.
In addition, the SHIB holder still has over $1 million worth of tokens following the price increase in October. More so, these overflowing funds enabled him to quit the job which paid 68,000 annually. This forced him to stay at home. In addition, he also plans to HODL his remaining tokens.
Rob said,
We believe so strongly that there is more to achieve with Shiba…I will never take out our entire portfolio.