Shiba Inu Declines: Should You Consider Investing?

During the last 24 hours of trading, the token declined by more than 15.9% with a trading volume of $15,186,173,690. Shiba Inu is the meme token that was designed for fun only. However, now it has transformed into a whole decentralized ecosystem. During the first launch, 50% of the total supply was located on Vitalik Buterin’s ethereum wallet. After this crypto began to increase, it was decided by Vitalik that 10% of the SHIB holdings will be donated to India, in order to contribute to the efforts against the COVID-19.

Ethereum Improvement Proposal' all set to bring major change to crypto world - The Hindu BusinessLineThe left 40% was destroyed forever. The price of the donation totaled $1 billion at that time, which is examined as the biggest donation in the world. The team of the Shiba Inu launched the decentralized exchange which is called Shibaswap with 2 new tokens, which are LEASH, and BONE. The market capitalization is more than $12,708,130,345 which enables it to be on the 15th rank on the whole market.