Shiba Inu crypto has already topped the market cap of these companies

By Chris MorrisFormer Contributing Writer
Chris MorrisFormer Contributing Writer

    Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

    By one measure, Shiba Inu’s goal of topping Dogecoin is now in the rearview mirror, as the cryptocurrency’s market cap hit $38.5 billion at 10:15 a.m. ET on Wednesday, besting the other dog-themed meme coin by over $5 billion. Now it’s on the hunt for its next target.

    The crypto that was long dismissed as a joke is up 777% in the past 30 days and hit an all-time high Wednesday amid talk that Robinhood might be considering listing it. That has boosted its market cap to a level that puts it alongside some of the biggest companies in the world—and in many cases, surpassing them.

    Shiba Inu hasn’t yet hit the market cap levels that Dogecoin did at its peak (when it was valued at roughly $54 billion), but it’s on an upward trajectory. And it has already dwarfed some very familiar names. Here are some of the blue-chip companies that have seen Shiba Inu blow past their market caps—so far.

    All market cap data is as of 10:15 a.m. ET on Oct. 27.

    Allstate (ALL) – Market cap: $37.74 billion

    Yum! Brands (YUM) – Market cap: $37.61 billion

    General Mills (GIS) – Market cap: $37.51 billion

    The Hershey Co. (HSY) – Market cap: $37.33 billion

    7-Eleven (SVNDF) – Market cap: $36.8 billion

    Discover Financial Services (DFS) – Market cap: $35.96 billion

    HP (HPQ) – Market cap: $34.75 billion

    Nasdaq (NDAQ) – Market cap: $33.87 billion

    D.R. Horton (DHI) – Market cap: $32.74 billion

    Nokia (NOK) – Market cap: $32.65 billion

    Etsy (ETSY) – Market cap: $31.22 billion

    Robinhood (HOOD) – Market cap: $30.01 billion

    Pinterest (PINS) – Market cap: $29.96 billion

    Best Buy (BBY) – Market cap: $29.96 billion

    Kroger (KR) – Market cap: $29.84 billion

    Southwest Airlines (LUV) – Market cap: $28.09 billion

    Delta Air Lines (DAL) – Market cap: $25.35 billion

    Warner Music Group (WMG) – Market cap: $24.37 billion

    Caesars Entertainment (CZR) – Market cap: $23.87 billion

    ViacomCBS (VIAC) – Market cap: $23.43 billion

    CarMax (KMX) – Market cap: $22.29 billion

    Take-Two Interactive Software (TTWO) – Market cap: $21.26 billion

    Kellogg’s (K) – Market cap: $21 billion

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