Reposting my comment from the daily.
I haven’t been in crypto for very long or very deep, but this is the craziest trade I’ve ever seen. That is like 6 MILLION X returns, not %, in like a little over a year.
I’ve largely ignored SHIB, not even on fundamentals and it being a real coin or whatever, but even on a meme level, I thought DOGE has it beat, that it was just a copycat and won’t have the history or community power of the original DOGE.
But I guess I was wrong. SHIB lays bare how subjective value really is. I thought it was loose before, but valuation is actually 100% based on feeling, 0% objective anything.