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Shiba inu soars more than 20% after crypto exchange Kraken's listing, while a SHIB whale scoops up $1 million in tokens
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Andi syaputra
Dogecoin-inspired cryptocurrency shiba inu rallied close to 30% on Tuesday after Kraken, one of the largest exchanges listed the coin.
The meme coin inspired had gained 28.2% in 24 hours to stand at 0.00005022 by 7:03 a.m. ET, according to CoinGecko data. Shiba inu started in August 2020 as almost a copycat coin to dogecoin, the original meme cryptocurrency, and has grown around 80,000 times in value this year, making it one of the crypto stars of 2021.
Prior to Kraken's announcement late on Monday, the coin had come under pressure along with other cryptocurrencies including bitcoin, which slid as concern grew over the economic impact of the Omicron virus variant that was first detected in South Africa late last week.
Kraken
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