The pseudonymous social media marketing lead of the SHIB team, known as Lucie, has proudly announced another milestone achieved by SHIB. This time, it has been recognized by the renowned fund management giant Grayscale in its weekly report.
According to the report, SHIB has outperformed not only DOGE and ADA but also major cryptocurrencies like Bitcoin and Ethereum in terms of weekly gains.
Grayscale Highlights SHIB as the Top Performer
Grayscale featured SHIB as the top winner in its recent tweet, which was shared by Lucie on her social media platform. She expressed her excitement by stating that SHIB is leading the pack and emphasized that this is just the beginning.
The report titled “1 Week Returns for Top 10 Crypto Assets” revealed that SHIB's gains stood at 32.1%, surpassing other leading cryptocurrencies on the list. ADA and DOGE followed closely with 14.5% and 12.4% weekly gains, respectively.
SHIB enthusiasts responded with enthusiasm and pride towards their favorite meme cryptocurrency.
SHIB Skyrockets by 42.51% with New ATH
One of the key factors contributing to SHIB's significant surge this week was the announcement of Shiba Inu's total value locked (TVL) reaching a new all-time high of $3.64 million. This achievement came shortly after the launch of K9 Finance's Bonecrusher app on Shibarium, introducing a solution for liquid staking.
Following this news, SHIB witnessed a remarkable 42.51% surge, reaching $0.00002139 before experiencing a slight decline to $0.00001951.
Lucie emphasized that SHIB's recent price surge is a result of a robust ecosystem with dedicated developers backing the project. Additionally, a significant increase in the burn rate was observed, with 1,884,288,401 SHIB tokens burned during the surge.
Overall, SHIB has demonstrated exceptional performance compared to other major cryptocurrencies, attracting attention from investors and enthusiasts alike.