Shiba Inu was just shy of the top-10 cryptos today, after posting enormous gains this week. 📈
The memecoin hit an all-time high of $0.00004442 earlier today, after rallying over 50% intraday. It has since-then pulled back, bringing its 7-day performance to +60% on the week. As of this writing, $SHIB.X‘s market cap is worth over $15.4 billion.
The speculative frenzy comes as the Shiba Inu community has rallied support around a change.org petition, requesting Robinhood to list the coin. As of this writing, the petition has over 304,000 signatures. 📝
It’s a surprise turnaround for the crypto, which was bounced from highs in May 2021. It fell over 70% in mere days after Ethereum co-founder Vitalik Buterin sold/donated/burned a large portion of the supply in a controversial move.
The crypto’s “bounce back” demonstrates the staying power of meme coins and highly online nerd meme money, which has made its presence known in crypto circles over the last year — thanks to the performance of dog-related coins such as $SHIB.X, $DOGE.X, and the like. 🐕🐕🐕
$SHIB.X is up over 37 million percent this year.