new Yorkthe family’s $ 8,000 investment in shiba inu coinreportedly earned them $ 9 million.
- CNN Affairs asked the family, who started investing in February.
- The coin’s value has risen by more than 10,000% this year, according to Coinbase.
The investment of about $ 8,000 by a New York family in the play Shiba Inu, a
The token gained attention last week as
The New York family, who have asked CNN Business not to use their last name, began investing a few hundred dollars in February. They continued to buy the coin until they invested around $ 8,000, according to the report.
The family’s investment on Thursday was worth “nearly $ 9 million,” CNN Business reported, claiming to have examined the family’s crypto records.
It was a dramatic turnaround for the brothers, who live in Westchester County and whose marriage business was nearly destroyed in the wake of the COVID-19 pandemic.
The Shiba Inu coin is called the “Dogecoin Killer” because they share the same symbol: the Shiba Inu breed.
The token has been listed on Indian crypto exchange WazirX last week.