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Shiba Inu (SHIB) Hits Two Major Milestones, Price Goes Green

Fri, 12/30/2022 - 14:44
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Yuri Molchan
Popular meme coin has come back, reaching two big, important milestones; the price is moving in green zone
Shiba Inu (SHIB) Hits Two Major Milestones, Price Goes Green
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Leading meme coin on the crypto market Shiba Inu has brought its community some good news today as it reached two major important levels, showing that its utility is expanding.

In the meantime, the Shiba Inu price has been fluctuating, showing a number of smallish red and green candles following each other.

SHIB returns as most traded token for top whales

The second biggest meme coin in terms of market capitalization value has finally regained the position of the most traded coin for the hundred largest whales on Ethereum.

At the moment, next to it sits UNI as the most widely held token and stETH as the biggest coin position in USD value. SHIB has not been the most traded crypto asset for a long time now, and the same goes for the status of the largest token holding valued in USD. At the time of this writing, these wallets contain cumulatively $44,666,060 worth of Shiba Inu. That is 5,539,064,777,34 – slightly over 2% of their comprised portfolio.

This summer and prior to that, Shiba Inu held these positions very often, but since then, a lot has changed for this coin, including the burn rate. The latter plunged drastically as the autumn began.

Overall, this year, around 80 billion meme coins have been removed from circulation by the SHIB army. Still, over the past 24 hours, the burn rate of Shiba Inu has dropped by more than 85%, as only as little as 1,024,814 meme coins were locked up in unspendable wallets.

Image via WhaleStats

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SHIB army growth boosts

In the past 48 hours, the total holder count of Shiba Inu has increased by roughly 2,000. According to the screenshots shared by @shibaburned Twitter handle, on Dec. 28 and 29, the growth of the SHIB army totaled 2,600 users cumulatively.

However, the Shiba Inu page on the WhaleStats website shows that, currently, the total number of SHIB users stands at 1,275,166 – 1,000 users more than what one of the screenshots shows for yesterday.

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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