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!
Solana launchpad Pump.fun has matured into a next-generation livestreaming service, looking to rival titans of the industry like Twitch, Kick, and YouTube. Now, the platform is sponsoring streamers, paying viewers to post viral clips on social media—and the meme coin makers are getting creative.
Pump.fun users can launch their own Solana meme coin, open up a livestream, and hope their actions pump the value of the crypto token. Recent streams have been big and bold, while remaining safe—followin...
Bitcoin derivatives traders were still on edge, even as BTC’s price rebounded above $105,000 for the first time since Friday.
Bitcoin was recently changing hands at about $105,500, a 2.3% gain over the past 24 hours, according to crypto data provider CoinGecko. Markets have been rallying on the news of an Iran-Israel ceasefire—even if President Donald Trump profanely expressed his frustration that both countries had reportedly already violated the truce.
The S&P 500 gained 1.15% on the day, rou...
Bitcoin is heralded as the world’s hardest money, but the network lacks one of the most foundational financial tools: a native, dollar-denominated stablecoin. While other native Bitcoin stablecoins already exist, they are backed by Bitcoin, not dollars.
That’s changing today with the announcement of USDB, a new stablecoin that aims to bring a regulated, U.S. dollar-backed asset directly to Bitcoin's base layer.
Created by decentralized exchange Flashnet, USDB will be issued on Bitcoin layer-2 ne...
