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Shiba Inu Now Held by Over 1.145 Million Users: New All-Time High

Tue, 01/18/2022 - 12:28
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Yuri Molchan
Recent analytics data shows that the number of Shiba Inu holders has reached a new record
Shiba Inu Now Held by Over 1.145 Million Users: New All-Time High
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According to info shared by WhaleStats blockchain analytics platform, on Jan. 17, the number of Shiba Inu holders reached a whopping 1,145,212 users, hitting a new record for this crypto community.

Shiba Inu community growing fast

At the moment, the number of SHIB holders has exceeded 1.145 million. Four days ago, U.Today reported the growth of SHIB holders by 1,140,151 wallet owners.

However, even with this fast growth rate, the number of users holding the second largest meme cryptocurrency falls behind that of BabyDoge.

On Jan. 17, WhaleStats reported that BabyDoge holders had reached a new record amount of 1,260,401. So far, this meme crypto project has the biggest amount of holders compared to Shiba Inu and Floki Inu.

Aside from that, SHIB is a popular token with Ethereum whales. According to WhaleStats, the top 1,000 ETH whales own 51,660,947,525,321 at the moment. That is the equivalent of $1,481,475,410.

Related
BabyDoge Listed by Hong Kong's CoinEx Exchange

"SHIB burn" pot with 47 million tokens increases

Today, Steven Cooper, owner of Bigger Entertainment, the first crypto record label, tweeted that the company's SHIB burn pot for the next "burn party" already contains more than 47 million tokens.

The previous burn party took place on Dec. 26, Boxing Day. Back then, the team sent 239,600,144 to an unspendable "inferno wallet." The goal for the next burn party he announced was $100,000 worth of SHIB—that is 3,409,943,656 coins.

According to his earlier tweet, the next burn party is scheduled for Feb. 14, Valentine's Day. He has tweeted that there is still plenty of time to collect more tokens and burn the largest amount of Shiba Inu crypto so far in one go.

Bigger Entertainment sells NFTs, tickets to events, allows paid listening to music tracks. Their authors allow part of the royalties to be used for buying Shiba Inu coins, which will be burned later on.

20.2 million SHIB burned within 24 hours

As reported by Twitter user @shibburn, within the last 24 hours, they have spotted a total of 20,283,185 SHIB tokens incinerated, i.e., taken out of the circulating supply permanently. So far, 41.03% of the originally issued supply of one quadrillion has been destroyed.

On Jan. 15, it was reported that over 239 million SHIB tokens were destroyed by Travis Johnson's SHIB burn games team.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.