Shiba Inu (SHIB) Flipped Tron (TRX) to Become the 13th Biggest Cryptocurrency in the World in Terms of Market Capitalization; Eyes Top 10 Spot.
Rocketing Shiba Inu (SHIB) found itself eyeing to crack the top 10 cryptocurrencies once again as Shiba Inu’s price surged over 43% in the past seven days, CoinMarketCap reports.
The most popular canine-themed token has just managed to flip Tron (TRX) on CoinMarketCap.
In the last seven days, shib has risen over 43%, putting its market cap at more than $6 billion. That puts it a few million ahead of Tron (TRX) and nearly half a million behind stable coins Dai (DAI) in the 12th spot. Shiba Inu needs 4 billion dollars more in market cap to steal the 10th spot from its rival Dogecoin (DOGE).
SHIB, an Ethereum-based spinoff from Dogecoin, has risen rapidly ever since one of the top Ethereum whales labeled “BlueWhale0073″ scooped up a whopping total of 163,286,048,050 (163.28B) SHIB tokens, worth $1,575,710 ($1.57M) on June 22nd (Wednesday), in one noteworthy transaction.
According to the recent tweet from WhaleStats, the second biggest dog-themed cryptocurrency has become the most traded token among the 500 biggest ETH whales as they have exchanged hands with a whopping $638,735,216 ($638.73M) worth of Shiba Inu tokens in the past 24 hours.
JUST IN: $SHIB @Shibtoken now on top 10 by trading volume among 500 biggest #ETH whales in the last 24hrs 🐳
Peep the top 100 whales here: https://t.co/tgYTpOm5ws
(and hodl $BBW to see data for the top 500!)#SHIB #whalestats #babywhale #BBW pic.twitter.com/nvhA3osI5D
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) June 26, 2022
Shiba Inu once again is eyeing to crack the top 10 cryptocurrencies. The last time shib beat its rival Dogecoin and cracked the top 10 cryptocurrencies was on October 28, 2021 (8 months ago), when it reached an all-time high (ATH) price of $0.00008845. Over time, the value of Shiba Inu depreciated by over 87% from its all-time high.
At press time, Shiba Inu is trading at the price of $0.00001153, down -2.83% over the last day, with a 24-hour trading volume of $632,010,392. ($632.01M).
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