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The 100 Shiba Inu (SHIB) holders control over 25% of the supply. This Sunday the memecoin led the cards with a dog theme.
Despite the new bustling market trend, it was up nearly 24%. Other altcoins saw small gains, while Bitcoin (BTC) was flat at 3%.
Top 100 SHIB Holders
The top 100 SHIB holders control about a quarter of the total memecoin supply, according to WhaleStats, whose recent acquisitions have been by electronic brokers.
SHIB is now the “most traded token”, after a bad week for investors, but then it came out when the big holders or whales blew up more coins, regaining ground.
63 million SHIB cards were transferred to four advertising walls last week, according to Etherscan: The first two were for 6,110 and 1,087 million SHIB. Both added almost 28 million SHIB.
After the announcement of “Shibarium”, a new layer 2 network, the latest increase occurs.
The second version of its testnet is now available, while the partnership with Italian restaurant Welly’s also fueled the weekend’s growing trend.
The future of SHIB
SHIB has also outperformed memecoin OG and its daily counterpart Dogecoin (DOGE), both with more than 7%. It has broken through two resistances to reach a price of 0.000029.
SHIB’s capitalization surpassed Polygon (MATIC) with $15.3 billion, while daily trading volume fell to $3.03 billion.
According to analysts, a breakthrough of $0.000026 is likely to lead to faster profits. So far the asset appears to be easy to scale.
