Shiba Inu (SHIB) Hits Two Major Milestones, Price Goes Green
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.
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.
Tomiwabold OlajideSHIB 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.
$SHIB NEWS DECEMBER 29#SHIB #shiba #shibainu #SHIBARMY pic.twitter.com/TXHJlck08L
— Shitoshy BURNsama™ (@shibaburned) December 30, 2022
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.
Related articles
Alex Dovbnya
Vladislav Sopov
Dan Burgin