Meme Crypto Shiba Inu Skyrockets — SHIB Climbs 230% in a Week, Whale Buys 6 Trillion Tokens
The cryptocurrency shiba inu has managed to capture the 18th position in terms of crypto market valuations. The token has gained 230% during the last seven days and year-to-date, SHIB has gained a whopping 24,177,682%. SHIB’s Value Swells After Whale Buys $43 Million Worth of Tokens
The popular meme-based crypto-asset shiba inu (SHIB)has seen massive gains this year and has propelled itself into the top 20 market positions. At the time of writing, shiba inu has a market valuation of around $11.6 billion.
While seven-day stats show SHIB has jumped over 230%, monthly metrics show the crypto asset has gained close to 300%. On Friday, October 8, 2021, there’s $13.9 billion in 24-hour SHIB trading volume.
On September 30, 2021, a whale purchasedover 6 trillion SHIB just before the price skyrocketed. Shiba inu made its way into the limelight when Ethereum co-founder Vitalik Buterin donated $1 billion worthof SHIB to India’s Crypto Covid Relief.
In recent times, Coinbase has listed shiba inu (SHIB) and the meme-based crypto asset has seen significant retail demand since the initial listing. The Shiba Inu team has also developed a decentralized exchange (dex) called Shibaswap.
Shibaswap has $364 million total value locked (TVL) and a few different crypto-assets tethered to the SHIB ecosystem like the tokens leash and bone. Leash is swapping for $1,871 per unit and bone swaps for $2.33 per token today. 🐳🐳 An SHIB whale just bought 6,178,758,122,373 $SHIB ($43,838,916 USD)
Transaction: https://t.co/X7mlV2fmKj#SHIB #ShibArmy #Shiba #SHIBARMY
— WhaleStats.eth – top 1K ETH wallets (@WhaleStats) September 30, 2021
Stats show the top SHIB exchanges on Friday include Binance, Huobipro, Okex, Coinbase, and Poloniex.
Tether (USDT) is the top pair today with SHIB and 78% of all SHIB trades are paired with USDT. This is followed by BUSD (11.29%), TRY (5.40%), EUR (3.02%), and WETH (0.67%).
What do you think about shiba inu’s massive gains this past week? Let us know what you think about this subject in the comments section below. JPMorgan: Institutional Investors Dump Gold for Bitcoin Seeing It as Better Inflation Hedge MARKETS AND PRICES | 22 hours ago Edward Snowden Says Bitcoin Up 10x Since He Tweeted About Buying It, China"s Ban Makes BTC Stronger MARKETS AND PRICES | 3 days ago Tags in this story 6 Trillion Tokens, Altcoins, BONE, Coinbase, crypto assets, Cryptocurrency, dog, Fees, LEASH, markets and prices, Onchain stats, Percentage Gains, Prices, Retail Demand, shib, shiba inu, Shiba Inu Tokens, Shibaswap, Stats, transactions, whale
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