Shiba Inu Hits Big Milestone as SHIB Transaction Volume Jumps 299%
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Shiba Inu has set an entirely new record as the ecosystem continues to attract new joiners. According to IntoTheBlock data, Shiba Inu’s total addresses now stand at a new all-time high of 3.58 million.
Shiba Inu is no doubt attracting new entrants as it teases game-changing developments on the horizon. Sept. 11 alone attracted 1,120 new addresses to the Shiba Inu ecosystem.
In a tweet, Shiba Inu team member Lucie recaps Shiba Inu’s upcoming developments, which include ShibaSwap 2.0, TREAT reward token, Shiba Hub and Metaverse.
Shiba Inu Layer 2 Shibarium also keeps smashing milestones, now reaching 2,113,660 total transactions; 1,125,979 wallet addresses and 589,704 blocks processed.
Shiba Inu’s large transaction volume jumped 299%
The large transaction volume statistic estimates the total amount transacted by whales on a particular day. Increases in the volume of large transactions suggest that whales are actively buying or selling. Large transactions in this context refer to those above $100,000.
Shiba Inu: Here’s What’s Behind 229% Surge in SHIB Whale Transactions
Per IntoTheBlock data, Shiba Inu’s large transaction volume is up a whopping 299%, with $36.26 million moved in large transactions in the last 24 hours. The amount of 5.15 trillion SHIB represented a large transaction volume within this timeframe and is the largest in the last seven days.
At the time of writing, SHIB was demonstrating a mild rise, up 2.16% in the last 24 hours to $0.0000727. BONE, Shibarium’s central token, is also seeing a price increase, up 3.06% in the last 24 hours to $0.848. BONE has recouped its losses from the prior day’s trading given this price move.
The last 24 hours also saw significant SHIB burning, with a total of 69,586,434 SHIB tokens burned in 19 transactions.
The post Shiba Inu Hits Big Milestone as SHIB Transaction Volume Jumps 299% appeared first on Crypto News Australia.
Filed under: Bitcoin - @ September 12, 2023 5:24 pm