Shiba Inu (SHIB) Spikes 3% On Push from Ethereum Whales

Shiba Inu (CRYPTO: SHIB) is up 3%, bettering gains clocked by Dogecoin (CRYPTO: DOGE) and Dogelon Mars (CRYPTO: ELON) in the last 24 hours.

What Happened: The rally can be attributed to two major reasons. First, SHIB is back in the top 10 by trading volume among the 500 biggest Ethereum (CRYPTO: ETH) whales in the last 24 hours, according to WhaleStats.

At the time of writing, SHIB was trading at $0.000009466 with its market cap at $5.1 billion.

The second reason for a surge in the rally is the Twitter integration of SHIB and Dogecoin 'cashtag,' a new feature allowing users to look up the price index of the cryptocurrencies.

See More: Best Crypto Day Trading Strategies

Last month, Twitter unveiled a price index allowing users to search the current prices of two of the biggest cryptocurrencies: Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). However, Elon Musk’s beloved Dogecoin and SHIB did not make the cut at that time.

Price Action: At the time of writing, BTC was trading at $18,797, up 3.83%, and DOGE at $0.080, up 1.61%, in the last 24 hours, according to Benzinga Pro.

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.

Benzinga

Benzinga

'Dogecoin Killer' Spikes 3% On Ethereum Whales' Push As Other Meme Coins Play Catch-Up