Shiba Inu’s official Twitter account has hit a new milestone of 3.4 million followers. In comparison, competing meme currency Dogecoin has around 3.4 million Twitter followers. Shiba Inu has grown in recent months, gaining over 700,000 followers since February.
— MILKSHAKE (@shibainuart) June 17, 2022
In addition, the number of Shiba Inu owners continues to rise. According to WhaleStats, the overall number of SHIB holders has climbed to 1,182,817. An rise in the number of holders may indicate long-term interest in an asset, but it may not have an immediate influence on the price.
Shiba Inu whales have been more active in the previous 24 hours, according to WhaleStats, with a 20% increase in active addresses as crypto whales engaged with billions of Shiba Inu.
Check the top 100 whales here: https://t.co/N5qqsCAH8j
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) June 17, 2022
According to a recent study performed by Rain, the major Middle East exchange, 90.9 percent of traders preferred Shiba Inu. Rain launched SHIB trading in May, months after the exchange teased its inclusion.
There have been 110,830,578 SHIB tokens burnt and 13 transactions in the last 24 hours. According to the Shib burn website, the burn rate has increased by 158.24 percent throughout this time period.
After reaching intraday lows of $0.0000075 on June 15, Shiba Inu has returned to a price range last seen in August 2021. At the time of publishing, SHIB was down 2.72 percent at $0.0000078, in line with the current crypto market decline.