Blockchain analytics platform Reflection has revisited the claim that a $169 investment in Shiba Inu (SHIB) skyrocketed to over $5 billion within days, sparking renewed discussion about early cryptocurrency bull cycles. Reflection highlighted this as an example of a "real altseason," where smaller cryptocurrencies outperform major assets. However, the claim has been debunked, with reports indicating the initial investment was $8,000, leading to a $5.7 billion profit. Shiba Inu's significant rally occurred in 2021, driven by exchange listings and Ethereum co-founder Vitalik Buterin's burn of 41% of SHIB's supply. This period saw early investors, like a truck driver who turned $650 into $1.7 million, achieve life-changing gains. Despite its past success, SHIB has since declined by over 93% from its peak, and the broader market has yet to enter a full altcoin season, according to CoinMarketCap's Altcoin Season Index.