Shiba Inu Secures Elite Status in Market Rankings Among Meme Coins
Shiba Inu is second-largest holding in index
In an extraordinary display of market momentum, Shiba Inu has clinched the second spot in VanEck's MarketVector's Meme Coin Index. This achievement is a big milestone for Shiba Inu, which continues to attract the attention of the cryptocurrency community.
MarketVecto, a VanEck subsidiary, has joined the meme coin bandwagon, launching a new index focused on the hugely popular token category. The meme coin index, which trades under the ticker MEMECOIN, tracks the top six meme tokens.
Shiba Inu is the second-largest holding in the index, with a weight of 28.34%. Other names include Dogecoin (DOGE), Pepe (PEPE), Dogwifhat (WIF), Floki Inu (FLOKI) and BONK. The Meme Coin Index has returned 137.96% in gains this year, demonstrating the impressive growth of meme currencies, with Shiba Inu standing out. This index is now the top performer on MarketVector.
