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Shiba Inu (SHIB) enters the top 20 largest cryptocurrencies by capitalization

The price of the Shiba Inu (SHIB) meme token launched in 2020 has risen more than 30% in the last 24 hours, according to CoinGecko. The asset ranked 12th in terms of capitalization, ahead of Uniswap (UNI), Avalanche (AVAX) and Litecoin (LTC).

SHIB gained nearly 350% over the last week, with its market capitalization reaching $15.52 billion. At the time of writing, the token is trading near $0.000034.

Earlier, an unknown investor bought 6.19 trillion SHIB for $44 million. At the current exchange rate, these tokens are valued at $191.9 million.

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