There seems to be little in the way of Shiba Inu’s (SHIB) latest advance, as the Dogecoin alternative jumped by another 50% in the last 24 hours.
Hitting a local high of $0.0003473 on Thursday, SHIB is also up an eye-watering 385% in the last seven days, with the latest price action taking the coin to the 12th spot in the crypto rankings, according to CoinGecko.
With a market cap of nearly $17 billion, SHIB has flashed past the likes of Chainlink (LINK), Litecoin (LTC), Avalanche (AVE), and Uniswap (UNI).
Described as “an experiment in decentralized spontaneous community building,” Shiba Inu was created by a pseudonymous developer under the alias of Ryoshi and launched in August 2020.
Shiba Inu on the loose
The token has been on a tear since the start of the week, with one of the most likely reasons behind the spike being yet another canine-themed tweet from Tesla and SpaceX CEO Elon Musk.
Last Sunday, Musk posted an image of his new Shibu Inu pup, Floki, sending waves of enthusiasm across the legions of SHIB fans and even prompting the #SHIB hashtag to trend on Twitter.
In another milestone, data from Etherscan shows that the army of SHIBU holders has now surpassed the 700,000 mark.
And, in yet another milestone, @etherscan reports that we have crossed the mark of 700,000 $SHIB holders!
We are not stopping growing anytime soon! Welcome new holders, to the #ShibArmy!
New York prosecutors tried and failed to solicit the Securities and Exchange Commission’s opinion on Ethereum to bolster their case against KuCoin in 2023, according to newly released SEC records acquired by Coinbase.
The exchange is one of many private conversations unearthed by a Coinbase FOIA request, offering a glimpse at the behind-the-scenes politicking that has shaped U.S. authorities’ approach toward the crypto industry over the past few years.
In an email dated June 2023, the New York A...
Layer-1 blockchain Aptos saw an increase in new developer interest following the viral social media campaign from user BuzzlamicJihad. So much so that Ash Pampati, head of ecosystem at Aptos, told Decrypt that the Aptos Foundation would be “super open” to bringing the user onto its team.
Aptos surged 17% in a single day in February, as BuzzlamicJihad’s unofficial “community takeover” of the network went viral on social media. Following Aptos Labs founder and CEO Mo Shaikh stepping down in Decemb...
Ethereum's Pectra upgrade went live without a hitch—but it didn't serve as rocket fuel for ETH's price.
The world's second-largest cryptocurrency was trading sideways after the long-awaited code changes were finalized on Wednesday.
ETH is currently hovering at about $1,830, meaning it's continuing to trade 40% lower than it was this time last year.
It was a similar story after Ethereum completed "The Merge," and made the ambitious switch from proof of work to proof of stake consensus.
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