Shiba Inu's market cap already tops airlines, Robinhood and insurance giants

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