According to data from CoinMarketCap, the price of Shiba Inu coin surged 22% on Tuesday, reaching $0.00004853, a record high.Earlier, an anonymous cryptocurrency account purchased 276.6 billion Shiba Inu coins on Monday night, spending a total of approximately $11.5 million. This purchase brings the total amount of Shiba Inu Coins held by this cryptocurrency “Giant Whale” to 316.5 billion, worth about 15 million U.S. dollars.
The market value of Shiba Inu coin soared to 18.8 billion U.S. dollars on Tuesday, becoming the 11th largest cryptocurrency in the world. The price fell sharply for a while.
However, if you want to further enter the top 10, the market value of Shiba Inu coin needs to nearly double to catch up with USD coin’s market value of approximately 33 billion U.S. dollars. After that, Dogecoin, the source of inspiration for Shiba Inucoin, will become its next target. The current total market value of Dogecoin is about 35 billion U.S. dollars.