A Shiba Inu (SHIB) token holder who invested thousands of dollars in the memecoin in Feb has partially cashed out to get a stay-at-home dad.

Co-ordinate to a Thursday report from Fortune, a 35-year-old supermarket warehouse manager identified only as Rob invested $8,000 into SHIB when the cost was roughly $0.0000001 — giving him an allocation of 800 billion tokens. In May, when the token cost surged significantly to reach a then all-fourth dimension high of more than $0.000035, Rob cashed out function of his holdings to deposit $500,000 into his bank account.

The SHIB holder nevertheless has more than $1 million worth of crypto following the token's price surge in October. The funds accept immune him to quit his job, which paid $68,000 annually, stay at home taking care of his son and participate in online discussions about projects related to SHIB. He plans to HODL his remaining tokens.

"We believe so strongly that in that location is more to reach with Shiba," said Rob. "I will never have out our entire portfolio."

The one-time warehouse manager is part of a new generation of crypto users achieving millionaire and even billionaire status in much the aforementioned way many Bitcoin (BTC) HODLers did following the 2022 balderdash run. At the time of publication, the price of SHIB is $0.000058, having gained more than 5,799,999,900% since October 2022.

Some token holders who fabricated like purchases to Rob when the project was listed final August are now billionaires and new whales in the crypto infinite. Even so, if holders were to liquidate such a large number of tokens in the time to come, information technology could potentially cause the SHIB cost to plunge equally it did in May.

Related: Shiba Inu now accustomed as payment at a French bistro in Paris

The SHIB token is currently ranked as the eleventh largest cryptocurrency by market capitalization according to CoinMarketCap, with Dogecoin (DOGE) sitting at 9th. At the time of publication, the market cap of SHIB is roughly $32.half-dozen billion with more than 549 trillion tokens in circulation.