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Shiba Inu Is The 3rd Most 'Googled' Cryptocurrency in 2021, After BTC & ETH.
2021-10-29 | Selina Mathew
SHIB/USDT Chart Via TradingView
After a fan asked Tesla and SpaceX CEO Elon Musk, who has been a strong backer of rival meme-inspired cryptocurrency Dogecoin ($DOGE), how much SHIB Musk held, the cryptocurrency's trading volume surpassed that of Ethereum. Musk answered with a single word, "none," causing a huge drop in the cryptocurrency's price, which was down more than 10% at one point. Musk was then questioned about Floki Inu, another meme-inspired cryptocurrency, to which he responded that he had only purchased BTC, ETH, and DOGE. SHIB's trading volume and price have also increased as a result of the project's decentralized exchange, ShibaSwap, which recently updated its listing intends to add more pairs and pools to the decentralized exchange in order to issue $25,000 worth of SHIB and LEASH tokens. A burning procedure was also built by some token pools on the exchange to destroy tokens and remove them from circulation permanently. Furthermore, SHIB whales have been impacting the cryptocurrency's price, according to accessible data, since when whale trades above $100,000 occur, values climb. Scion Asset Management's CEO reposted Coinbase's description of the cryptocurrency and emphasized its supply, which surpasses one quadrillion tokens, in a now-deleted tweet.
