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A staggering amount of nearly 13 billion SHIB has been removed from the circulating supply over the past 24+ hours, according to recent tweets posted by the @Shibburn platform that tracks transactions that move Shiba to dead-end wallets and burn Shiba Inu itself too.
The second-largest meme token, Shiba Inu, has returned to the list of the most traded coins, as stated by the recent tweet by WhaleStats crypto tracking platform
The official Twitter account of meme cryptocurrency Shiba Inu has reached 3.3 million followers, setting a new milestone. For comparison, rival meme coin Dogecoin also has 3.3 million Twitter followers.
As stated by the CoinMarketCap data, large-cap altcoins Cardano, Dogecoin, and Shiba Inu were seen posting double-digit gains at the time of publication.
After two months of evaluation, the leading crypto trading venue in the Middle East, Rain platform, has decided to finally kick off Shiba Inu trading
As stated by IntoTheBlock data, Shiba Inu’s large transactions have increased by nearly 68% in the last 24 hours. Large transaction spikes are usually linked with rising activity from institutional players,
Per IntoTheBlock data, Shiba Inu whales have been increasingly active in the previous 24 hours, with a 261% increase in large transactions.
Whalestat has brought forward that the Ethereum whale ranked 72nd on the scale of this crypto data service has amassed a huge chunk of Shiba Inu, adding to his stash of these meme coins, which already constitutes 1.14 trillion SHIB.
Shiba Inu developer Shytoshi Kusama has taken to Twitter to share his expectations for the coming weeks and months. In his words, he states,
David Goldstein, the founder of Gokhshtein Media and former U.S. congressional candidate, believes that Shiba Inu has a great model. He, however, feels that the next 12 months might be key for Shiba Inu
