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Shiba Inu’s Surprise Flip: What’s Behind the Meme Coin’s Market Cap Surge?
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Shiba Inu surpasses Avalanche in market cap, reaching $12.71B vs. $12.60B.
Shiba Inu’s burn rate surges 2,814%, with 7.9 million tokens burned.
Avalanche’s price drops 11%, despite ecosystem growth and partnerships.
Shiba Inu (SHIB) has overtaken Avalanche (AVAX) in market capitalization, marking a significant shift in the cryptocurrency rankings.
As of the latest data from CoinMarketCap, Shiba Inu’s market capitalization is $12.71 billion, slightly ahead of Avalanche’s $12.60 billion. This change has propelled Shiba Inu to the 11th spot in the market cap rankings, pushing Avalanche to 12th.
At press time, Shiba Inu was trading at $0.000022, with a 24-hour trading volume of $786,592,387. The token is down 2.33% in the last 24 hours.
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