Main navigation

Shiba Inu Hits Big Milestone as SHIB Transaction Volume Jumps 299%

Advertisement
Tue, 12/09/2023 - 14:59
Shiba Inu Hits Big Milestone as SHIB Transaction Volume Jumps 299%
Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Shiba Inu has set an entirely new record as the ecosystem continues to attract new joiners. According to IntoTheBlock data, Shiba Inu's total addresses now stand at a new all-time high of 3.58 million.

Advertisement

Shiba Inu is no doubt attracting new entrants as it teases game-changing developments on the horizon. Sept. 11 alone attracted 1,120 new addresses to the Shiba Inu ecosystem.

In a tweet, Shiba Inu team member Lucie recaps Shiba Inu's upcoming developments, which include ShibaSwap 2.0, TREAT reward token, Shiba Hub and Metaverse.

Shiba Inu Layer 2 Shibarium also keeps smashing milestones, now reaching 2,113,660 total transactions; 1,125,979 wallet addresses and 589,704 blocks processed.

Shiba Inu's large transaction volume jumped 299%

The large transaction volume statistic estimates the total amount transacted by whales on a particular day. Increases in the volume of large transactions suggest that whales are actively buying or selling. Large transactions in this context refer to those above $100,000.

Related

Per IntoTheBlock data, Shiba Inu's large transaction volume is up a whopping 299%, with $36.26 million moved in large transactions in the last 24 hours. The amount of 5.15 trillion SHIB represented a large transaction volume within this timeframe and is the largest in the last seven days.

At the time of writing, SHIB was demonstrating a mild rise, up 2.16% in the last 24 hours to $0.0000727. BONE, Shibarium's central token, is also seeing a price increase, up 3.06% in the last 24 hours to $0.848. BONE has recouped its losses from the prior day's trading given this price move.

The last 24 hours also saw significant SHIB burning, with a total of 69,586,434 SHIB tokens burned in 19 transactions.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD