- WhaleStats recently revealed that Shiba Inu is among the largest assets of the top 100 Ethereum whales after USDC, preceded by Ethereum (ETH) which is ranked first.
- The Shiba Inu token is gaining more headlines as holders go holding.
- The Shibarium update will work with BONE to effectively streamline processes within smart contracts.
Data analysis page on whale wallet movements, known as WhaleStats, recently revealed that Shiba Inu is among the largest assets of the top 100 Ethereum whales after USDC, preceded by Ethereum (ETH) which ranks the first place.
The value of ETH whales amounts to 423,180,380 dollars in Shiba Inu, which represents 15.55% of holdings, a low percentage compared to USDC, the Circle stablecoin, which appears with 18.08%, that is, 491,815,225 Dollars.
According to reports from the U.Today media, forks have been increasing proportionally to Shiba Inu hodlers.
On the other hand, the website IntoTheBlock has reported that SHIB holders have behaved differently in terms of holding time. 21% have held their tokens for more than a year, 76% have held their tokens for a year, and 3% have only held one month. Shiba Inu population growth impacts incumbent redistribution.
To date, there are 1,184,559 Shiba Inu token creditors, according to the analysis of the WhaleStats site.
During the big fluctuations of the crypto market, the Shiba Inu experienced a drop to $0.0000071 on June 18. At the time of writing, it is trading at $0.000008143.
According to a tweet from Shibburn, during the last 24 hours around 83,335,225 SHIB tokens have already been burned, and 9 transactions have been made. The token working group took it upon themselves to post an update on what is happening on their blog.
On the other hand, Shibarium is almost ready for launch. It is a layer 2 solution, a product of the collaboration between XFUND and the Shiba Inu developers, it has a BONE established to work with the Shibarimu protocol gas. Its main function will be to facilitate the execution of smart contracts and transactions.
The Shiba Inu BONE Token has 250 million. Within the community, it has not been determined whether the supply is closed with that amount or increased to 270 million.
