According to a Shiba community moderator known on Twitter as ShibBPP, the number of Shiba Inu owners saw a huge spike last week, hitting a new historic high. Here are the details…
Shiba Inu sees new owner entry
Per tweet, the total amount of Shiba Inu holders currently totals 1,196,114, the circulating supply equaling 557,620,161,109,259 tokens and 32,000,595,310,351 Shiba Inu shares in various DeFi projects. On July 2, he reported that this amount had reached 1,190,350 people. So, over the past week, around 1,000,000 new owners are joining per day.
David Gokhshtein supports Shiba Inu
Meanwhile, former US politician and now Gokhshtein Media founder David Gokhshtein took to Twitter to remind the community that he is not very keen on SHIB and does not follow the frenzy surrounding this meme coin on Twitter. However, he believes that this project has a right to exist. He describes it as “just different” from other crypto projects. He also makes sure that his developer team is doing their best to build their own ecosystem.
As we reported on cryptokoin.com, it was previously reported that SHIB developers are now busy building and allegedly planning to launch the main financial components of the ecosystem – the Shibarium layer-2 Blockchain, the SHI stablecoin and the SHIBFE – Shibarium financial ecosystem soon.
Latest situation in the SHIB market
According to experts, the Shiba Inu’s rebound above the $0.000010 price level is an important sign that it is experiencing significantly strong demand. This is especially true after dropping just below $0.0000080 in June. SHIB’s current floor price is a good sign that there is strong demand at this level. However, this does not guarantee that prices will not fall. Fortunately, there are other aspects to consider that make a strong case for buyers. For example, the supply of Shiba Inu continues to decrease thanks to token burns.
According to Shibburn.com, approximately 56 million Shiba Inu tokens have been burned in the last 24 hours alone. It currently has a burn rate of 29.58%, which means its supply is dwindling. Addresses holding more than 10 million SHIB coins have remained relatively stable over the past 30 days. This confirms that they are not selling. Addresses holding one million to 10 million coins significantly increased their holdings from 0.196 percent on July 3 to 0.197 percent on July 9. At the time of writing, SHIB is changing hands at $0.00001136, up 0.4%. The cryptocurrency ranks twelfth with a market cap of $6.69 billion. As we have also reported as Kriptokoin.com, it is the second largest meme coin with its market value.
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