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 Coinbase, the largest cryptocurrency exchange in the United States. The daily trading volume of the meme cryptocurrency exceeded $1.3 billion. A similar indicator of bitcoin is $774 million. Over the past day, 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 by capitalization ($9.2 billion).

After the altcoin’s value rose sharply, one of the major holders transferred Shiba Inu worth more than $83 million 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, in a week he received about $74 million of “paper profit”.

“Whales” are called large holders of cryptocurrencies.

The Shiba Inu token is called the “Dogecoin killer” by its creators. The project’s website says that its main task is to surpass the capitalization of Elon Musk’s favorite cryptocurrency. The developers of Shiba Inu claim that they were inspired by the example of the Reddit community WallStreetBets, which artificially inflated the value of shares of GameStop, AMC and other unprofitable companies.

Leave a Reply

Your email address will not be published. Required fields are marked *