U.Today – SHIB’s pseudonymous social media marketing leader, known to the community as Lucie, shared another milestone achieved by . This time, fund management giant Grayscale mentioned it in its weekly report.
According to this report, SHIB has significantly outperformed not only DOGE and ADA, but also such giants in terms of weekly profits.
On grayscale, the main winner is SHIB
The report posted by Grayscale in a recent tweet was shared by Lucie on her page
The report is called “1-Week Return for Top 10 Crypto Assets.” According to him, in terms of weekly profits, SHIB has outperformed , , , Ethereum, Bitcoin, as well as Toncoin, Tron and .
SHIB’s gains were 32.1% compared to the rest of the large-cap coins on the list. ADA and DOGE are closest to SHIB with weekly gains of 14.5% and 12.4%. ETH showed a profit of 6.7%, while BTC showed an augment of 3.4%.
The SHIB community responded with comments full of excitement and pride for their favorite meme cryptocurrency.
SHIB grows by 42.51% in airy of the novel ATH
One factor that certainly contributed to SHIB’s massive growth this week was the announcement that Shiba Inu Total Value Locked (TVL) had hit a novel all-time high of $3.64 million just one week after strategic partner Shibarium , K9 Finance, launched Bonecrusher on Shibarium and introduced a liquid staking solution.
Since Thursday, the second-largest dog-themed cryptocurrency, Shiba Inu, has skyrocketed by a whopping 42.51%, burning one zero off its price and skyrocketing from $0.00001501 to $0.00002139 earlier today.
However, it then dropped by almost 9% and SHIB is currently trading at $0.00001951.
In a tweet, Shiba Inu’s Lucie commented on this historic TVL peak, saying that SHIB is much more than “just the trend of the week.” She stated that this price augment occurred because “behind Shib there is a huge ecosystem in development, with constant support from dedicated developers.”
This price augment also coincided with the huge augment in the burn rate that occurred on Thursday, when the burn rate increased by 33,818%, with a total burn of 1,884,288,401 SHIB.
