Shiba Inu became one of the top trading cryptocurrencies on Coinbase in just one month from the time it was added to the largest US exchange.
The 24-hour trading volume of SHIB on Coinbase currently stands at around $1.6 billion, with an impressive lead over Bitcoin with 950 million dollars 24 hours volume.
After a climb of over 80% within 24 hours, the SHIB coin has been able to get back into the top 30 most popular cryptocurrencies by market capitalization. SHIB is currently the 22nd most valuable crypto.
In total, SHIB’s daily trading volume increased by 553% in one day.
Ethereum co-founder, Vitalik Buterin’s burning 90 percent of his SHIB tokens, Whales buying SHIB, Musk’s recent photograph of his Shiba Inu puppy as well as rumors about Shib Robinhood’s listing is believed to be the primary reasons behind such a strong rally.