Everyone remembers the Shiba Inu (SHIB) storm in the cryptocurrency world. The increase in 2021 is still in our language. Now there is another milestone. cryptocoin.comLet’s look at the details.
New record for SHIB
It is quite interesting that the Shiba Inu (SHIB) has risen to extraordinary heights in a very short time and reached various milestones, including around 14,000,000 individuals. Over the past few months, the SHIB network has seen unprecedented expansion, with 2,538 new SHIB addresses included in one day. The Shiba Inu is currently experiencing an extraordinary milestone in the volume of long-term owners it has. Currently, it has reached an all-time high thanks to newly created addresses and increasing number of SHIB owners. Owners’ compositional dynamics changed in response to increased owner volume. According to data from Etherscan, the number of SHIB holders is 1,309,548. 70% of SHIB holders have held their tokens for over a year. In this context, it is possible to accept these investors as long-term owners.
The other 28% held SHIB tokens for a year. On the other hand, only 2% have had their tokens for about two months. In addition, the Shiba Inu ranks better than most of its peers. He even outdid some of them. The percentage of long-term holders of SHIB is around 70%, while its closest competitor, Dogecoin (DOGE), is 69%. The volume of long-term holders for Cardano (ADA) is around 53%.
Price status and Shibarium
SHIB price is currently at $0.0000085. Accordingly, although the price is trying to recover, this points to a six-month low. The growth in long-term holders is a clear sign that the community still believes in the token regardless of the price drop. It is noteworthy that the SHIB network reached this conclusion only a few weeks after the launch of Shibarium. The launch is closer than expected, according to a screenshot shared by Shiba Inu (SHIB) community influencer and SHIB marketing team member LUCIE. The screenshot shared by Shibarium1 and other previous posts suggest that the launch will take place in August. But LUCIE believes this should happen earlier, perhaps in July.
In just two short months, #ShibariumBeta has grown tremendously. 🚀 pic.twitter.com/4aLPXBTRya
— Shiba Inu News (@ShibalnuNews) June 1, 2023
Shibarium beta is performing better than expected. As of mid-May, it had reached approximately 6,900,532 transactions and a total of 14,701,132 wallet addresses had been generated. It has also reached a total block count of 781,127 with an average block time of 6.4 seconds. According to a screenshot shared by ShibaInuNews on Twitter, the total transactions reached 15,412,737 while wallet addresses stood at 16,505,670. Also, Shibarium beta hit a total of 1,087,720 blocks with an average block time of 7.6 seconds. All this could be a sign of a rally for Shiba.
