Shiba Inu Achieves Significant New Milestone As Adoption Increases

Key Points:

SHIB holders have increased by more than 2,000 over the last two days. In the interim, the meme coin has risen to the top ten assets sought by the most prominent Ethereum investors.
Shiba Inu canine coin again made the top 10 list of cryptocurrencies most frequently acquired in the last 24 hours.

The number of SHIB holders has increased by more than 2,000 over the last two days. In the interim, the meme coin has risen to the top ten assets sought by the most prominent Ethereum investors.

According to a tweet posted by the SHIB-themed account @shibaburned, by Dec. 21, the growth of SHIB holders constituted 1,100 and reached a total figure of 1,268,573.

However, the well-known wallet tracker WhaleStats, which offers on-chain analytics data on the most popular coins, has reported that the overall Shiba Inu holder count has climbed over the previous day and is presently at 1,269,760. Therefore, over 2,100 more SHIB holders have been added over the course of the last two days.

Shiba Inu canine coin once again made the top 10 list of cryptocurrencies that were most frequently acquired in the last 24 hours, according to a recent tweet from the aforementioned WhaleStats. Along with SHIB, popular tokens like APE, UNI, BAT, and a few more are also included on that list.

SHIB burn rate jumps

Approximately 5 million Shiba Inu were removed from circulation and transmitted to dead-end wallets on the previous day, according to the Shibburn crypto platform, which tracks SHIB burn transactions using data from Etherscan. As a result, the burn rate increased by 65.29%. A total of 410,383,334,195,001 SHIB, or roughly half of the total supply, have been taken out of circulation thus far.

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Annie

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.