Shiba Inu Community Achieves New Heights

The official Twitter account for Shiba Inu, a joke cryptocurrency, has surpassed 3.4 million followers. Dogecoin, a rival meme coin, has around 3.4 million Twitter followers as well. Shiba Inu has grown in popularity in recent months, gaining over 700,000 new followers since February.

In addition, the number of SHIB owners continues to rise. According to WhaleStats, the overall number of SHIB holders has climbed to 1,182,817. An increase in the number of holders may indicate long-term interest in an asset, even if it does not affect the price right away.

SHIB whales have been more active in the last 24 hours, according to WhaleStats’ research of the top 100 SHIB holders. Crypto whales engaged with billions of Shiba Inu, resulting in a 20% increase in active addresses.

Shiba Inu has switched FTX in the top 100 ETH whales‘ highest holdings, accounting for $403,974,830 worth of FTX, or 14.53% of their total holdings, according to the blockchain data tracker.

Shiba Inus are preferred by 91% of dealers

According to a recent research done by Rain, the leading Middle Eastern exchange, 90.9% of traders choose Shiba Inus. Rain launched SHIB trading in May, months after the exchange promised its arrival.

There have been a total of 110,830,578 SHIB tokens burned and 13 transactions in the last 24 hours. According to the Shib burn website, the burn rate has increased by 158.24 % in this time period.

After reaching intraday lows of $0.0000075 on June 15, Shiba Inu has returned to a price range last seen in August 2021. At the time of publication, SHIB was down 2.16 % to $0.00000767, in line with the current crypto market downturn.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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