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ELON-USD) have since done the same.
At the time, the 505 trillion Shiba coins were worth precisely $0, according to CoinMarketCap. Their first recorded price five months later a princely sum of $0.0000000013 would have valued Buterin’s coins at just $560,000.
Fast forward to today and his SHIB coins alone are worth well over $9 billion. His other holdings add several billion more.
Already in 2021, cryptocurrencies have become one of the strangest financial manias in human history. Since January, digital currencies have added more than $1.3 trillion in market capitalization, growing far faster than the
Nasdaq bubble of 1999. Traders have bought and sold trillions of dollars in cryptocurrency in the first five months of this year, even more than Americans spend on housing annually.