a meme-inspired cryptocurrency coin was launched called Shiba, which is currently claiming to be the "new King" whose price rose 3000% at the beginning of the month but has now fallen 84% from its peak.
According to data from Ethereum blockchain explorer Etherscan, although Shiba's self-proclaimed "dogecoin killer" is not listed on centralized crypto trading platforms like Coin Base and Binance, its trading volume surged to nearly $250,000 million over a 24-hour period on popular decentralized exchange Uniswap.
As announced by CryptoGlobe when the Shiba price surged, this price increase was related to low liquidity. Ethereum blockchain data shows that 28,200 transactions have occurred and have a total of 2047 holders#cryptonews #cryptocurrency #shiba