Over the month, the value has grown by more than 30%. At the same time, the price of the "meme cryptocurrency" doubled
The number of holders of the Shiba Inu token has risen above 970 thousand for the first time. The value has grown by more than 30% over the past month, while the price of the altcoin has doubled. The asset ranks 11th in the list of the largest cryptocurrencies in terms of capitalization.
In November, AMC CEO Adam Aron said the company was considering adding Shiba Inu to its payment options. Later, AMC began accepting Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.
On the evening of November 7, an unknown person bought 20 trillion Shiba Inu tokens worth about $ 1.15 billion. The crypto investor paid a commission of $ 0.004 ETH ($ 19.5) for the transaction.
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, whose members were able to "accelerate" the value of shares of GameStop, AMC and a number of other companies.