The daily trading volume of altcoin on the largest US cryptocurrency exchange exceeded $ 1.3 billion, ahead of Bitcoin ($ 774 million)
The Shiba Inu token has become the most traded on the largest US cryptocurrency exchange Coinbase. The daily trading volume of the meme cryptocurrency exceeded $ 1.3 billion. The similar indicator of bitcoin is $ 774 million. Over the past 24 hours, Shiba Inu has risen in price by 92%. At 18:40 Moscow time, the token is trading at $ 0.00001872. Altcoin took 21st place in the list of the largest cryptocurrencies in terms of capitalization ($ 9.2 billion).
After the altcoin's value surged, one of the major holders transferred more than $ 83 million worth of Shiba Inu from one address to another. The transfer fee was $ 46. This "whale" acquired 6.1 trillion Shiba Inu coins at the end of September, paying approximately $ 43.8 million. Thus, he received about $ 74 million in "paper profit" for the week.
The Shiba Inu token is called the "Dogecoin killer" by its creators. The project's website says that its main task is to surpass Elon Musk's favorite cryptocurrency in terms of capitalization. The developers of Shiba Inu claim to have been inspired by the example of the Reddit community WallStreetBets, which artificially inflated the value of the shares of GameStop, AMC and other unprofitable companies.