$10,000 Becomes $170,000 in 30 Days With Shibarium’s PawSwap

PawSwap (PAW) is confirmed to be building a decentralized platform on the upcoming Shiba Inu Shibarium layer-2 network. PAW was launched on Feb. 5, 2023, at a modest price of $0.000000005200 (eight ‘zeroes’) and dramatically deleted a ‘zero’ early this month.

The token is up nearly 2,277% in the last three weeks making early investors sit on sacks of profits.

Also Read: Shiba Inu: How Much ‘Percent’ Must SHIB Rise To Reach $0.01?

Watcher Guru reached out to an early PawSwap investor who confirmed on the condition of anonymity to have invested $10,000 during its early days.

The $10,000 investment ballooned to $170,000 in less than 30 days when it reached its all-time high of $0.000000099219 on Mar. 3, 2023.

That’s an uptick of 1,600% in profit in less than a month of the investment.

Also Read: How Shiba Inu Made the Average Investor ‘Dream’ Of Making $1 Million

The phenomenal returns come at a time when the entire cryptocurrency market turned red due to the Silvergate-induced crash. You can read how Silvergate pulled the cryptocurrency markets down last week here.

However, PAW has dipped nearly 41% after reaching its ATH making and now the investor’s portfolio stands at $102,000.

PAW is listed on cryptocurrency exchanges such as BitKan, LBank, Bitget Gate.io, and XT.com within a month of its launch. Therefore, investors are finding it easy to accumulate the token and many more new listings might be scheduled.

Also Read: Shiba Inu: How $3,000 Can Fetch You $2.5 Million if SHIB Hits $0.01

What Is PawSwap & What Connection Does It Have With Shiba Inu & Shibarium?

PawSwap is a decentralized exchange that plans to build a DEX on Shiba Inu’s Shibarium layer-2 network whenever it releases. However, the lead developer of ShibaSwap, Shytoshi Kusama, distanced himself from PAW, saying that he and the Shiba Inu team have nothing to do with PawSwap.

In conclusion, PawSwap is a decentralized swap on its own with no connection to the Shiba Inu team. They will only build their project on the Shibarium network when it is launched. You can read more details about it here.

Also Read: Shiba Inu: What’s The Average Transaction Cost on Shibarium?

At press time, PAW was trading at $0.000000060216 and is down 10% in the 24-hour day trade. PawSwap is also down 41.36% from its all-time high of $0.000000099219 which it reached on Mar. 3, 2023.