The Shiba Inu (SHIB) token, a clone of the Dogecoin meme cryptocurrency, grew by 150% in a day and updated its all-time high after listing on the Binance crypto exchange. The trader made $ 2 billion from 37 ETH by investing in SHIB nine months ago.
On Tuesday, SHIB once again renewed its value record, at the moment the asset price reached $ 0.000039. Over the past week, the coin has risen in price by 2200%, over the month – by 44100%.
The token has risen to the 16th line of the CoinMarketCap rating with a capitalization of more than $ 13 billion. The growth in the value of the Dogecoin clone was facilitated by its entry into the Binance listing. On May 10, the Shiba Inu trading began in the innovation zone of the cryptocurrency exchange, writes forklog.
Binance warned that the asset is subject to “higher volatility and greater risk.” Following Binance’s SHIB listing, Crypto.com announced. The payment platform also announced that it could add Dogecoin or a clone of it to the Crypto Earn service.
On May 7, Elon Musk wrote on Twitter that he was looking after a Shiba Inu puppy. The hype around Dogecoin has caused prices to skyrocket for some of the copycat project tokens. SHIBA holders were among the beneficiaries of the rally.
Ethereum co-founder Vitalik Buterin is the largest holder of Shiba Inu. His public wallet holds 505 trillion SHIB (($ 18 billion) – more than 50% of the foreseen quadrillion coins.
As noted by The Daily Gwei founder Anthony Sassano, 276 days ago, someone invested 10 ETH in the Shiba Inu token. Today the value of this position is $ 460 million, writes ttrcoin. However, this is not the limit. The owner of another wallet invested in SHIB 37.65ETH at about the same time and now holds a $ 2.05 billion position.
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