Shiba Inu, popularly branded as SHIB, is a virtual currency that is no longer a joke.

Following the lead of an internet dog meme and portraying itself as the "Dogecoin
killer," the virtual currency SHIB was the most popular digital asset on the internet
in 2021, surpassing popular digital assets such as Bitcoin and now even Ethereum,
according to crypto exchange price-tracking online platform CoinMarketCap.

In 2021, the Dogecoin killer received well over 188 million viewers, as per
CoinMarketCap, whereas the apex cryptocurrency Bitcoin received 145 million
views, according to the same source. In addition, it really should be highlighted
that SHIB seems to be in the world's 13th most valuable cryptocurrencies, with
such a market capitalization of more than $20 billion.

Furthermore, Dogecoin was rated third as one of the most seen digital currencies
having 107 million hits, followed by Cardano, which received approximately 86
million views, then Ethereum, which received approximately 81 million views.

Speculation is rife that Shiba Inu's meteoric climb was fueled by a picture of the
Shiba Inu parody traveling to the Moon, which tech entrepreneur Elon Musk
tweeted on October 18. At the moment, the cryptocurrency was selling at
$0.000026 per token. According to CoinMarketCap, his tweet increased the coin's
value by about 50%, causing it to hit a high of $0.000044.

A further significant factor is a rumor that is currently circulating in the

cryptocurrency community that the Shiba Inu will eventually be listed on the
prominent stock exchange app, Robinhood. A Change.org petition has also been
launched, urging Robinhood to offer cryptocurrency on its platform. The petition
received about 300,000 signatures.

This wasn't the first occasion that Shiba Inu has been referred to as the most
talked-about virtual currency. According to data provided by ICO Analytics, the
Shiba Inu cryptocurrency was the most discussed cryptocurrency in October,
garnering a 22 percent market share among all cryptocurrency holdings
conversations on the platform, much outpacing Ethereum, which received 8.1
percent and Bitcoin, which received 7.2 percent.

On Tweet, Shiba Inu supporters have been making their voices heard in favor of
the parody coin by using hashtags including #SHIBARMY #ShibaSwap #shibainu
#shibainucoin, and #SHIB to garner support for the meme currency.
According to a graph released by ICO Analytics, cryptocurrencies Safemoon,
Solana, Cardano, as well as Binance have been among the top ten most talked
cryptocurrencies on Twitter. Hardly any of the cryptocurrencies, on the other
hand, came close to meeting the popularity of Shiba Inu.

It's noteworthy that eight whale wallets dominate about 70.52 percent of Shiba
Inu's circulation, with one whale accounting for 41.03 percent. In other words,
every one of these whales likely gained at least an 800 percent profit on their
assets in the last month alone.

Shiba Inu token soared by more than 16 percent in a mere day after a crypto
whale purchased 136 million dollars worth of the dog-themed parody coin from a
cryptocurrency exchange. Following the crypto whales, as per the Whale Stats
website, which tracks large-scale cryptocurrency transactions, around 4 trillion
SHIB tokens were acquired, with an estimated worth of around $136 million and
counting.

Shiba Inu began the day with a worth of $0.00003238 and is currently listed at
$0.00003765, representing a 16 percent increase in value over the previous day.
After their large purchase, the anonymous crypto whale has increased their Shiba
Inu holdings to 25 percent of their total portfolio. The whales have also acquired
Decentraland (MANA) tokens for $88 million and the Tether stablecoin worth $42
million, among other things, to diversify their investment portfolio.

MANA is indeed the second most valuable asset in the whale's portfolio,
accounting for roughly 16 percent of the portfolio's total value as a whole.

Today, Shiba Inu's price increase is now the latest in a string of significant price
increases for the stock. The current live Shiba Inu value is 0.000034 USD, with
only a 24-hour trading activity of 1,343,140,892 USD. The historical Shiba Inu
value is USD 0.000034. Real-time updates of the SHIB to USD exchange rate are
provided. The Shiba Inu stock price has dropped 3.16 percent within the last 24
hours. With such a live market cap of 18,807,052,393 USD, the present position is
#13, according to CoinMarketCap. It has a current sure to have at least
549,063,278,876,302 SHIB coins in circulation, with no information on the
maximum supply available.
After the parody cryptocurrency, Shiba Inu, was launched on the crypto market
Kraken early last month, the price of the SHIB coin skyrocketed by more than
30%. In addition, Kraken is also not the only platform to offer SHIB in November;
Gemini and Binance both did so as well. The value of SHIB increased by 18
percent in the same month, following the project's registration of a milestone of 1
million participants.

Global cryptocurrency traders and enthusiasts are advised to keep a closer eye on
the newest cryptocurrency market trends and avoid falling for any trading
speculations, says the International Business Times.

In October, SHIB had an almost 400 percent increase in value in just one week,
propelling this one to the 12th largest cryptocurrencies by market capitalization. In
fact, during the period, SHIB had consistently outperformed Dogecoin as the
world's biggest meme cryptocurrency in terms of market capitalization. However,
it has since fallen back down the rankings to second place.

The Shiba Inu whale who purchased currently, on the other hand, is a mere tiny
when contrasted to the SHIB whale who traded about $3 billion worth of the
meme crypto in November.

The well sought Shiba Inu token has provided crypto enthusiasts with a thrilling
journey for quite some time. Even though the Shiba Inu's worth has increased by
roughly 45,000,000 percent this year, it has dropped over 50 % of its value after
reaching its current high in late October. Over the previous 24 hours, it had fallen
another 6.9 percent, as of 11:30 this morning.

This shift corresponded with the occurrence of three significant headwinds, which
investors claim to have factored into their valuations today. From a more
significant market viewpoint, Bitcoin, as well as other large-cap tokens, saw an
increase in outcomes liquidations this week. This decrease in power and influence
in the cryptocurrency market looks to be the outcome of a significant decline in
spot prices in the near term.

As per statistics from WhaleStats, Shiba Inu tokens hold tremendous USD place in
the top 100 Ether rich list, with a total market capitalization of $1 billion. The SHIB
token, which was prompted by a dog meme, is no longer a laughing stock. It is a
popular choice among ETH whales that have gazillions of Shiba Inu coins in their
possession. Furthermore, whales made a bet on Shiba Inu this year, and it is
believed that they would do the same in the future year 2022.

According to the statistics, these whales generally control approximately 2.637

billion SHIB tokens, which have a USD worth of approximately $100,557,537. The
increased competition for Shiba Inu tokens has increased the number of whales
that may be found each month. Whenever it pertains to cryptocurrency, whales
are a solid and influential force. They have also purchased SHIB well before
parody coin's price skyrockets in 2022, allowing them to benefit from the price
surge.

There are frequent rumors of mystery Shiba Inu whales acquiring billions of SHIB
coins worth an incredible amount of money. Gemini and Light are two of the most
well-known Eth Whales who deal in SHIB at the moment. Over the course of the
year 2021, these two whales have amassed gazillions of SHIB coins in their
possession.

What is the reason for ETH Whales sticking onto SHIB crypto? While SHIB has not
yet been approved for listing on Robinhood, it has already received approval from
a slew of other exchanges, indicating that they believe in the parody token. Shiba
Inu does indeed have a great deal to offer in the upcoming year, and the situation
appears to be bright for those who invest in this breed. More developments for
Shiba Inu are predicted to occur in 2022, ranging from blockchain gameplay to the
Shibarium layer-2 scalability solution. These innovations are likely to pave the path
for a durable price ramp-up.

Last week's price drop provided an incredible opportunity for whales, who were
able to amass 4.3 trillion SHIB coins valued at a whopping $4.35 billion as a result
of the drop. The decentralized meme-currency experienced a rise of more than 19
percent in just four hours following the whales' acquisition and ultimately settled
at a rate of around 5 percent. Shiba Inu is one of many popular ERC-20 tokens
that are now leading the 'whale watch' area of the market.

Presently, risk-off sentiment looks to be coming to fruition in both the stock and
cryptocurrency markets, with investors attempting to de-risk their portfolios in
response. Various growth-oriented benchmarks and risk assets are declining in
value today as investors shift their attention to more defensive investments. The
losses suffered by meme tokens such as Shiba Inu today have continued to
surpass those suffered by leading companies such as Bitcoin and Ethereum,
according to CoinMarketCap.

Shiba Inu, usually the preferred token in the world at the crypto, continues to be a
moving ticker that many traders are keeping an eye on. According to some
analysts, forecasting which path this coin will trend has proven to be extremely
tough, with momentum-driven surges and eventual sell-offs rendering this coin a
trader's greatest buddy and potentially a lot less-friendly asset for a longer-term
investor.