{"id":50813,"date":"2021-10-07T11:36:13","date_gmt":"2021-10-07T08:36:13","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=50813"},"modified":"2025-09-02T20:21:36","modified_gmt":"2025-09-02T17:21:36","slug":"shiba-inu-meme-token-overtakes-uniswap-litecoin-and-avalanche-in-market-capitalization","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/shiba-inu-meme-token-overtakes-uniswap-litecoin-and-avalanche-in-market-capitalization\/","title":{"rendered":"Shiba Inu meme token overtakes Uniswap, Litecoin and Avalanche in market capitalization"},"content":{"rendered":"<p>The price of the meme token Shiba Inu (SHIB), launched in 2020, rose by more than 30% over the past 24 hours, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/shiba-inu\">CoinGecko<\/a>. The asset climbed to 12th place in market capitalization, overtaking Uniswap (UNI), Avalanche (AVAX) and Litecoin (LTC).<\/p>\n<p>Over the past week SHIB surged nearly 350%; its market capitalization reached $15.52 billion. At the time of writing, the token was trading near $0.000031.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"490\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/SHIBUSDT_2021-10-07_10-56-14-1024x490.png\" alt=\"Shiba Inu meme token overtakes Uniswap, Litecoin and Avalanche in market capitalization\" class=\"wp-image-152097\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/SHIBUSDT_2021-10-07_10-56-14-1024x490.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/SHIBUSDT_2021-10-07_10-56-14-300x144.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/SHIBUSDT_2021-10-07_10-56-14-768x368.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/SHIBUSDT_2021-10-07_10-56-14-1536x735.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/SHIBUSDT_2021-10-07_10-56-14.png 1834w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Hourly chart of SHIB\/USDT on Binance. Data: <a href=\"https:\/\/ru.tradingview.com\/symbols\/SHIBUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>On Monday, October 4, Elon Musk posted a new photo of his dog named Floki on Twitter. The meme tokens reacted only modestly, but against the backdrop of <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-breaches-the-55000-mark\">Bitcoin&#8217;s recovery<\/a> their prices began to rise. For example, over the last seven days, Dogecoin (DOGE) rose 24%, Floki Inu (FLOKI) surged 280%.<\/p>\n<p><script async=\"\" src=\"https:\/\/telegram.org\/js\/telegram-widget.js?15\" data-telegram-post=\"forklog\/21754\" data-width=\"100%\"><\/script><\/p>\n<p>Soon before the publication by the Tesla founder, an unknown investor purchased 6.19 trillion SHIB for $44 million. At current prices these tokens are valued at $191.9 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udc33\ud83d\udc33 An SHIB whale just bought 6,178,758,122,373 <a href=\"https:\/\/twitter.com\/search?q=%24SHIB&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SHIB<\/a> ($43,838,916 USD)<\/p>\n<p>Transaction: <a href=\"https:\/\/t.co\/X7mlV2fmKj\">https:\/\/t.co\/X7mlV2fmKj<\/a><a href=\"https:\/\/twitter.com\/hashtag\/SHIB?src=hash&#038;ref_src=twsrc%5Etfw\">#SHIB<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ShibArmy?src=hash&#038;ref_src=twsrc%5Etfw\">#ShibArmy<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Shiba?src=hash&#038;ref_src=twsrc%5Etfw\">#Shiba<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/SHIBARMY?src=hash&#038;ref_src=twsrc%5Etfw\">#SHIBARMY<\/a><\/p>\n<p>\u2014 WhaleStats.eth \u2014 top 1K ETH wallets (@WhaleStats) <a href=\"https:\/\/twitter.com\/WhaleStats\/status\/1443575560001646598?ref_src=twsrc%5Etfw\">September 30, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In July, SHIB developers launched the decentralized exchange (DEX) Shibaswap. Within a week of launch it attracted assets worth <a href=\"https:\/\/u1f987.com\/en\/news\/shibaswaps-locked-value-reaches-1-5-billion-in-a-week\">$1.54 billion<\/a>.<\/p>\n<p>The governance token of the DEX \u2014 Bone ShibaSwap (BONE) \u2014 rose 163% over the past seven days, to $2.06, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bone-shibaswap\">CoinGecko<\/a>. According to <a href=\"https:\/\/defillama.com\/home\">DeFi Llama<\/a>, <span data-descr=\"volume of locked funds\" class=\"old_tooltip\">TVL<\/span> of the platform over this period rose 40%, surpassing $327 million.<\/p>\n<p>In May 2021, a user <a href=\"https:\/\/u1f987.com\/en\/news\/user-makes-about-2-billion-from-37-eth-thanks-to-shiba-inu-rally\">earned an unrealized gain of $2.4 billion<\/a> by investing 37.65 ETH in SHIB.<\/p>\n<p>Subscribe to ForkLog&#8217;s news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The meme token Shiba Inu (SHIB), launched in 2020, rose by more than 30% in the last 24 hours. It ranked 12th by market capitalization, ahead of Uniswap (UNI), Avalanche (AVAX) and Litecoin (LTC).<\/p>\n","protected":false},"author":1,"featured_media":50814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1217,1525],"class_list":["post-50813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-elon-musk","tag-shiba-inu"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=50813"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50813\/revisions"}],"predecessor-version":[{"id":50815,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50813\/revisions\/50815"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/50814"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=50813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=50813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=50813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}