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Shiba Inu surpasses DOGE in market value backed by 'smart money'

09:57

Shiba Inu surpasses DOGE in market value backed by 'smart money'

Shiba Inu, the self-proclaimed dogecoin killer, briefly surpassed DOGE in market value Wednesday, backed by "smart money" worth about £116 Million from the past seven days.

This comes as ads for Floki, a meme-based coin named after Tesla CEO Elon Musk's shiba inu dog, have appeared on London's transportation network in recent weeks.

The price rally has taken Shiba Inu’s market cap above $20 billion, making it the world’s 11th most valuable cryptocurrency just behind dogecoin.

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