- It saw an in-flow of over $980 million, putting its market cap at $11,653,990,575.
- In contrast, significant coins like BTC, ETH, and BNB barely saw a 1% increase.
- A newly born Shiba Inu whale purchased 1.3 trillion SHIB tokens worth $11.7 million.
The global crypto market briefly recovered in the last 24 hours, with the Binance Coin (BNB) attaining over a 10% increase in a cumulative seven-day performance. However, the market cap of the most popular meme token, Dogecoin, led all of the top ten cryptocurrencies over the previous 24 hours.
The meme coin saw an in-flow of over $980 million in a 24-hours window, putting its market cap at $11,653,990,575. The market value of one unit of DOGE hits $0.08807 after crypto traders exchanged 9,585,987,177 Dogecoin worth over $841 million.
In contrast, the market cap of major coins like Bitcoin (BTC), Ethereum (ETH), and BNB barely saw a 1% increase in the last 24 hours. Interestingly, DOGE’s current market capitalization has surpassed Cardano (ADA)’s cap, ranking the meme token as the eighth largest crypto.
Notably, ADA is one of the worst-performing coins in a seven-day window after Polygon (MATIC), recording the most significant loss of over 8%.
In related news, a newly born Shiba Inu (SHIB) whale purchased nearly 1.3 trillion SHIB tokens worth $11.7 million. The wallet instantly became the 46th largest SHIB whale with just one transaction. Not long after, the 77th greatest SHIB whale took in 432 billion SHIB tokens worth $3.8 million to cumulatively own 524.3 billion SHIB tokens.
The recent announcement that the World Economic Forum’s (WEF) wanted to collaborate with the SHIB team in influencing global metaverse policy may be the cause of the whales’ interest. Shytoshi Kusama, the creator of SHIB, put the issue to a vote to find out what the SHIB community wanted, and most respondents chose the SHIB team to collaborate with the WEF.