Shiba Inu Climbs Above Hedera as $609M Trading Volume Fuels Price Rise

• Shiba Inu surges past Hedera with a 21% price increase and $609M trading volume.
• SHIB’s market cap reaches $9.42B, outperforming Hedera’s $8.89B in recent surge.
• Shiba Inu secures 15th place on CoinMarketCap as trading volume spikes by 81.69%.

The market has witnessed a notable move as Shiba Inu (SHIB) surged to the 15th position on CoinMarketCap, surpassing Hedera (HBAR).

The spike points to the increase of SHIB’s market capitalization to $9.42 billion, surpassing HBAR’s $8.89 billion, indicating increased interest and major trading activities in the SHIB ecosystem, attracting strong market performance and significant whale accumulation.

Shiba Inu’s Price Surge and Market Capitalization

The price appreciation of SHIB increased by 21.27% last week, while Hedera gained 15.19% over the same period. At press time, the SHIB price is trading at $0.00001598, an increase of 4.42% within the last 24 hours. The trading volume in this period increased to $609.81 million, highlighting SHIB’s growing market presence.

On the contrary, Hedera’s market cap sits at $8.89 billion, driven by a price of $0.2104 and a trading volume of $373.2 million in the pas…

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