During this period, the altcoin price has increased by 104%. The asset took 11th place in the list of the largest cryptocurrencies in terms of capitalization ($ 30.7 billion)
Over the past month, the number of holders of the "meme" cryptocurrency Shiba Inu increased by 31% (from 706.8 thousand to 926.6 thousand), according to Coinamarketcap. During this period, the altcoin price has increased by 104%. The market valuation of Shiba Inu increased to $ 30.7 billion. The asset took 11th place in the list of the largest cryptocurrencies in terms of capitalization.
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 the shares of GameStop, AMC and a number of other companies.