With this impressive rally, the "Dogecoin Killer" surpassed the second largest cryptocurrency by market cap in trading volume.
On October 24, CoinMarketCap data showed that the daily trading volume of the Shiba Inu cryptocurrency has now surpassed $14.5 billion. With this, the memecoin has surpassed Ethereum, which has recorded $14.3 billion worth of trading volume in the past 24 hours.
As a result, this makes Shiba Inu token the 3rd most traded cryptocurrency overall (behind only Tether and Bitcoin) at the time of writing.
In addition, SHIB, the memecoin, is dominating spot crypto trading volumes on the Binance crypto exchange. Adding to this, it is also the most traded crypto on the Coinbase exchange.
Shiba Inu hit a new all-time high on October 24 for the first time since early May, capturing the attention of the crypto community. After reaching a lifetime peak of $0.000046, it has since dropped some of the gains.
Lately, the Shiba Inu community has been abuzz with rumors about Robinhood listing SHIB, which is likely to be another incentive for the ongoing rally.