Shiba inu.
Andi syaputra.
The shiba inu rallied close to 30% on Tuesday after it was listed on the Kraken exchange.
The coin gained 28.2% in 24 hours. According to the data, the time is at 10:00 pm. One of the stars of the year is Shiba inu, a coin that has grown around 80,000 times in value this year and is almost a replica of dogecoin.
The coin had come under pressure as concern grew over the economic impact of the Omicron virus variant that was first detected in South Africa.
The following day, it would start offering shiba inu. The minimum amount to be able to trade against the US dollar and euro is 50,000 shiba inu.
The exchange teased that it would list the coin on November 2 if it got 2,000 likes. The post got 60,000 likes, but the company backed down from its pledge, prompting a backlash from shiba inu fans.
The shiba inu community has been waiting for the coin to be listed on exchanges and people have even made a petition for a retail trading platform to list the coin.
"Shiba Inu is a classic meme token, so we can expect rapid ups and downs of its price, as well as fluctuations with huge amplitude," said the Vice President at ADAcash.
The price of the coin will be influenced by several factors at once, one of which is listing on a large exchange. We may see new price records if they support shiba.
Exchanges will be under pressure from regulators, whose position in relation to such coins is usually prohibitive.
The whale nicknamed "Gimli" bought 24.8 billion SHIB token on Monday in a purchase worth $1 million. The shiba inus in the wallet is worth around $13 million.
The last time shiba inu hit a record high, it was discovered that a whale had spent 276.6 billion in token. The coin lost a fifth of its value in one day, after data showed the second-biggest shib whale moved more than $2 billion worth of coins out of their wallet.
ADACash's Horn said that the risk from large holders may be smaller than they think.
The risk of massive coin draining by whales is overstated. He said that retail traders are more patient than large investors.
Business Insider has an original article.
