‘Doge-killer’ Shiba Inu makes brothers millionaires

The lives of two brothers from Westchester are now forever changed thanks to a bizarre cryptocurrency bet they made, investing in the Dogecoin spin-off Shiba Inu coin.

According to CNN, in February, brothers James and Tommy (who requested their last name not to be revealed) invested $200 each on the ERC-20 Shiba Inu token nicknamed “doge-killer,” which was worth just a fraction of a cent back then.

The duo shared one of their friends they consider a crypto expert told them the coin could be a huge moneymaker. Two months later, James and Tommy became millionaires.

Journey towards being millionaire

Tommy recalled his mother and sister being a bit skeptical when they presented the idea about investing in Shiba Inu. Nonetheless, they still invested $100 each, and both put in another $100 after a few weeks when the cryptocurrency was up by 300%.

He also shared about the day their investment hit $1 million for the first time. Tommy said, “We woke up the next morning and it doubled. We were like, ‘Oh my God.’ Then it went up to $700,000.” That was the point he told his brother James that it was going to “hit a million.”

The following day, their Dogecoin-spin-off investment reached a million, and as of Thursday, their investment is valued at $9 million.

The other Doge in the house

The Shiba Inu token, under the ticker SHIB, was created less than a year ago as an obvious parody of the parody crypto, Dogecoin.

But just like the original “doge” of the house, despite starting out as a joke, it is now up 11,000% for the past 30 days, but still possesses a measly value of $0.00001583 but with a market capitalization of almost $8 billion.

It also features celebrity backers, such as Backstreet Boys star Nick Carter and NFL star Antonio Brown.


Image courtesy of Cointelegraph News/YouTube

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