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Shiba Inu Social Buzz Hits 90-Day High as SHIB Community Interest Spikes: Details

Tue, 03/21/2023 - 16:05
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Tomiwabold Olajide
Shiba Inu social activity soars to 90-day high
Shiba Inu Social Buzz Hits 90-Day High as SHIB Community Interest Spikes: Details
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Social analytics platform LunarCrush has observed a spike in Shiba Inu social activity in the last 24 hours. It reports that SHIB social contributors measured daily hit 47,880, which is the highest in the last 90 days.

This comes as the Shiba Inu community takes up the charge of defending its favorite project in the wake of events that unfolded in the past week.

Shiba Inu (SHIB) Lead Announces New Era as Community Receives Designation

As reported over the weekend, the Shiba Inu community received a new designation as the new "Defense Breed."

The earlier "Breed" team was tasked with combating FUD and settling deals with various firms on behalf of Shiba Inu. A scroll through Twitter feeds indicates chatter about Shiba Inu, Shibarium and other elements of the ecosystem.

The number of Shiba Inu holders is also growing and is currently 1,326,206, according to WhaleStats data.

Shiba Inu's large transactions jump 131%

According to IntoTheBlock data, large transactions on the Shiba Inu network are up 131% in the last 24 hours. Large transaction spikes are typically attributed to increased activity from whales or large holders, who are either buying or selling.

WhaleStats reports that two Ethereum whales added over 1.12 trillion Shiba Inu to their holdings in separate transactions of 899.99 billion SHIB and 122.04 billion SHIB each.

Shiba Inu was trading up 1.18% at $0.0000108 at the time of writing, according to CoinMarketCap data. Also in the past 24 hours, a total of 11,113,873 SHIB tokens have been burned, in nine transactions.

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About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.