How The ‘Shiba Inu Brothers’ Made A Fortune

Tommy and James are New York-based brothers in their early to mid-40s who were once wedding photographers. But the 2020 pandemic drastically reduced their business. In August 2020, five months after the first widely reported case of COVID-19, the Shiba Inu meme coin went live. 

Few could have imagined that SHIB would be ranked in the altcoins to watch the following year. A friend recommended Shiba Inu in late February 2021, which was worth many fractions of a cent then. What started as a $200 investment from each brother quickly became $7,900. Every week, SHIB would achieve triple-digit returns, prompting the siblings to involve other family members.

By mid-May 2021, the total rise of SHIB was an incredible 113,824%. According to CNN, the family’s initial stake reached almost $9 million. The token’s price travelled further, reaching an all-time high in October 2021.

This story demonstrates the power of meme tokens as top crypto coins, which can pay serious dividends. The brothers now have their sights on the next big meme coin, Rebel Satoshi, with a grand market valuation.