Shiba Inu (SHIB) Witnesses Surge in Trillionaire Addresses as Shibarium Relaunches

Find out how the number of trillionaire addresses for Shiba Inu (SHIB) has surged in the past month, while Shibarium relaunches after addressing initial challenges. Stay updated on the latest market developments.

Posted 7 months ago in Altcoins

A visual representation of a Shiba Inu dog

Dog-themed cryptocurrency Shiba Inu (SHIB) has seen a surprising twist in the past 30 days, with a significant increase in the number of trillionaire addresses. According to data from on-chain analytics firm IntoTheBlock, the category of Shiba Inu addresses holding between 1 trillion and 10 trillion SHIB experienced a growth of 17.07%. This address category has emerged as the fastest-growing in the last month.

Furthermore, the balance held by these trillionaire addresses grew by 21.15%, marking the highest monthly increase. On the other hand, Shiba Inu millionaire addresses, holding between 1 million and 10 million SHIB, only experienced a 0.14% gain. Meanwhile, the count of larger trillionaire whales, holding up to 100 trillion SHIB, witnessed a significant decline.

August was a notable month for Shiba Inu, as it saw the launch of Shibarium, a highly anticipated initiative. However, following an influx of users, Shibarium briefly paused its operations, leading to fear, uncertainty, and doubt (FUD). Consequently, Shiba Inu (SHIB) closed August with a 5.11% decrease in price, despite reaching highs of $0.0000114 during the month.

Despite the challenges, Shibarium has been relaunched and is now running smoothly. As of now, the Layer two blockchain has recorded 1,382,299 total transactions, 1,119,582 wallet addresses, and 520,962 total blocks, according to Shibariumscan. However, Shiba Inu's price is yet to recover from its August losses and currently sits significantly lower than its previous highs. At the time of writing, SHIB is marginally up by 0.17% in the last 24 hours, trading at $0.00000762.

Last updated 9/9/2023, 3:24:06 AM


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