Shiba Inu Reaches New Community Milestone

The official Twitter account of meme cryptocurrency Shiba Inu has reached a new milestone of 3.4 million followers. In comparison, rival meme coin Dogecoin also has about 3.4 million Twitter followers. Shiba Inu has seen growth in recent months, with over 700,000 followers since February.

The number of Shiba Inu holders also continues to grow. The total number of SHIB holders has risen to 1,182,817, according to Whale Statistics† An increase in the number of holders may indicate a long-term interest in an asset, although it does not immediately affect the price.

Shiba Inu whales have been more active in the past 24 hours as WhaleStats’ analysis of the top 100 Shiba Inu holders shows a 20% increase in active addresses as crypto whales interacted with billions of Shiba Inu.

The blockchain data tracker also reported that Shiba Inu flipped FTX into the largest companies for the top 100 ETH whales, worth $403,974,830, or 14.53% of their holdings.


91% of merchants prefer Shiba Inu

According to a recent poll conducted by Rain, the leading exchange in the Middle East, 90.9% of traders showed a preference for Shiba Inu. SHIB trading went live on Rain in May, months after the exchange teased its listing.

In the last 24 hours, a total of 110,830,578 SHIB tokens were burned and 13 trades made. The burn rate has also increased 158.24% within this time frame, according to the Shib Burn website.

Shiba Inu has returned to a price range last seen in August 2021 after hitting an intraday low of $0.000075 on June 15. SHIB fell 2.72% to $0.000078 at the time of publication, in line with the current dip in the crypto market.

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