February seems to be the record month for the popularly known meme cryptocurrency Shiba Inu (SHIB).
Shiba Inu (SHIB) Flipped FTX Token to Become Biggest ERC-20 Holding (16.85%) among the top 1000 ETH Whale Wallets with a Total Value of $1,822,731,714.
Following a 50% surge in price on Monday, SHIB becomes the 13th biggest cryptocurrency globally by market value. This achievement becomes possible only after it manages to reclaim a $19 billion market cap and flip Binance USD (BUSD), a stable cryptocurrency powered by Binance in terms of market capitalization.
Along with this surge in prices in play, WhaleStats data reveals that Shiba Inu (SHIB) also becomes successful in flipping FTX tokens to become the biggest ERC-20 holding (16.85%) among the top 1000 ETH whale wallets with a total value of $1,822,731,714.
Following all these records, the Shiba Inu is now looking to kill its rival, which is none other than another popular canine-themed meme coin Dogecoin (DOGE); in terms of market capitalization, this looks possible seeing the momentum of buyers. The trading volume for SHIB keeps on increasing along with a surge in prices.
DOGE, meme crypto, which is mainly backed by the CEO of Tesla Elon Musk, is currently ranked as the 12th biggest crypto globally by CoinMarketCap (CMC). Shiba Inu only needs three more billion USD in its market cap to flip its rival Dogecoin.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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