Shiba Inu, a cryptocurrency started just last year, continues to soar after Elon Musk tweeted about his puppy.
The SHIB token has risen more than 70% in the past 24 hours as of 10:55 a.m. Hong Kong time, breezing past the likes of Litecoin and Avalanche’s AVAX to become the 12th-biggest cryptocurrency by market value, according to CoinGecko pricing.
The move comes days after Musk tweeted a picture of his puppy, Floki. SHIB, which uses a meme of the Shiba Inu breed of Japanese hunting dogs, is up about 367% in the past seven days amid enthusiasm from that post.
Read more on Coin Drama
