Shiba Inu (SHIB) Gains Popularity on CoinEx, Now in 4th Position

Reddit User Plots Ambitious Plan to Burn 500 Trillion SHIB in 4 Months

Shiba Inu is now one of the most traded cryptocurrencies on Hong Kong’s largest exchange, CoinEx, as the platform sees increased trading volume for SHIB.

Shiba Inu has risen to fourth place on CoinEx’s list of the top ten most traded cryptocurrencies over the last 24 hours. 

Users on the Hong Kong-based exchange have moved a stunning $752,013 ($752.01K) worth of SHIB in a single day, according to CoinMarketCap data.

CoinEx top cryptocurrencies list

SHIB trade accounts for 2.01% of total trading on the exchange in the previous day. 

CoinEx users have exchanged digital assets totaling $37,478,036 ($37.47M).

Related Reading: Coinbase Shiba Inu Holders Displays Long-term Commitment Despite Decline in Value

CoinEx Top Traded Crypto

With a 24-hour trading volume of $18,127,412 ($18.12M), Bitcoin (BTC) remains the most traded cryptocurrency on CoinEx. 

This represents 48.37% of the total volume. With a 24-hour volume of $3,251,123 ($3.25M), Ethereum (ETH) is close behind.

Surprisingly, Shiba Inu’s rival Dogecoin (DOGE) took third place with a 24-hour volume of $953,234. Then, Shiba Inu took the fourth position.

Solana (SOL), Kaspa (KAS), ArbDoge AI (AIDOGE), BNB (BNB), Cardano (ADA), and Arbitrum (IOU) take the fifth through tenth positions on the list, respectively.

Shiba Inu Recent Developments

In two consecutive deals, the 19th-largest Shiba Inu Whale amassed a remarkable 168,375,992,729 (168.37B) SHIB, totaling $1,729,221 ($1.72M).

Another noteworthy development is the announcement by NOWPayments, a leading cryptocurrency payment gateway. 

NOWPayments intends to incorporate Shibarium, a highly awaited Layer 2 solution, into its platform after the mainnet’s debut.

Shiba Inu is trading at $0.00001001, down 1.61% from the previous day, and has a 24-hour trading volume of $215,781,498.

Read Also: Shiba Inu: Scammer Develops 114 Scam Meme Coins in 1.5 Months To Mimic Popular Memecoins

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