Suspicious, 2 Billion Shiba Inu Coins Burned in 24 Hours
Suspicious, 2 Billion Shiba Inu Coins Burned in 24 Hours
The market capitalization of the top meme crypto coin is down 55 percent in the last 5 months. Five months ago, the top meme cryptocurrency based on market valuation was valued at USD 33.7 billion or the equivalent of IDR 509.2 trillion, then fell to USD 14.9 billion on September 23, 2022.
Reporting from Bitcoin, Wednesday (28/9/2022), the oldest and largest crypto meme asset, in terms of market capitalization, dogecoin (DOGE), is still in the lead. DOGE is the tenth largest crypto coin by market capitalization as it is valued at USD 7.97 billion. Of the entire meme token economy, dogecoin’s market cap is 53.48 percent of USD 14.9 billion.
The second largest meme token is the shiba inu (SHIB) with a market valuation of USD 6.33 billion. SHIB’s market cap represents 42.48 percent of the entire meme coin economy and is ranked 13th among 12,983 existing crypto assets.
Between DOGE and SHIB, the two meme tokens dominate the $14.9 billion cryptocurrency meme coin by 95.96 percent.
Out of the entire USD 965 billion crypto economy today, the combined market capitalization of DOGE and shiba inu equaled 1.483 percent as of Friday, September 23, 2022. The third largest asset of meme coin is baby doge coin (BABYDOGE), but its market cap is much smaller at USD 178.90 million.
BABYDOGE’s market valuation is equivalent to 1.2 percent of the entire meme coin economy. Over the past two weeks, the baby doge coin lost 3.3 percent and over the past month, the meme token is down 16.4 percent.
Suspicious, 2 Billion Shiba Inu Coins Burned in 24 Hours
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Suspicious, 2 Billion Shiba Inu Coins Burned in 24 Hours
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