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!
Terraform Labs has opened an online portal for investors to submit compensation claims for financial losses stemming from the May 2022 de-pegging of TerraUSD.
Managed by administrators at New York-based Kroll, the portal will open on Monday, March 31 and close on April 30, giving loss-making investors a month to file claims.
Applicants will have to submit evidence supporting their filings, including wallet addresses in which Terra-based cryptocurrencies were held, as well as transaction logs for...
Why did Joseph Maldonado-Passage, better known as Joe Exotic from the viral Netflix docuseries “Tiger King,” debut a meme coin on Solana from prison earlier this week?
“I’m knee-deep in lawyer bills,” he told Decrypt in an interview, claiming the endeavor will also benefit children through donations to a nonprofit called Operation Smile.
The 62-year-old, who has lived behind bars for seven years, didn’t launch the meme coin himself. Instead, he said his lawyers helped him get “Official Tiger Kin...
Bitcoin swung up and down—as usual—over the last week, and while things were looking up midweek, familiar inflation fears helped sink the price by the time Friday rolled around.
The coin's price was recently at $82,480 per coin, according to CoinGecko, after hitting a nearly three-week high of $88,474 on Monday. As of this writing, Bitcoin is now down by almost 2% on the week.
Bitcoin's dip came after the U.S. Commerce Department reported Friday that the core Personal Consumption Expenditures Pr...
