Shiba Inu was also included in a new announcement from CryptoCom today. While the market is losing a significant amount of blood, the Shiba team and community continue their work without slowing down.
CryptoCom adds new trading pair for Shiba Inu
The exchange announced that it has opened trading in the BUSD pair for SHIB. Shiba Inu traders can now trade the BUSD pair on Crypto.com. In this way, users will be able to make transactions more easily when exchanging SHIB on the stablecoin of their choice. The announcement came today from Crypto.com’s official Twitter account. Other cryptocurrencies opened for trading on the BUSD pair include USDT, SOL, and DOGE.
https://twitter.com/cryptocom/status/1561590341702418432
Shiba Inu token burn data
SHIB token burn events continue, but at a slower pace than before. The Shiba Inu community has burned 125.34 million Shiba Inu (SHIB) in the last 24 hours. Game developer Travis Johnson’s SHIB Super Store gave support by sending 49.5 million SHIB to the dead wallet.
Tracking the burning SHIB tokens, Shibburn.com shows that the Shiba community has burned a total of 125.34 million SHIB in 11 transactions in the last 24 hours.
In the past 24 hours, there have been a total of 125,342,401 $SHIB tokens burned and 11 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) August 22, 2022
Top 100 Ethereum whales reach 11.96 trillion SHIB
The adoption of the Shiba Inu among crypto whale investors has continued to skyrocket lately. According to current WhaleStats data, SHIB is currently the most popular token among the top 100 Ethereum whales. The meme token is gaining its popularity as the largest cryptocurrency by dollar value. WhalesStats also shows that the top 100 ETH whales hold a total of over 11.96 trillion SHIB. This amount of Shiba Inu corresponds to approximately 155.61 million dollars.
According to the ranking, Shiba is the fourth largest cryptocurrency by dollar value among the top 100 ETH whales.
https://twitter.com/WhaleStats/status/1561658567542951941
Shiba continues to gain global acceptance
This development is not a surprise, given the increasing purchase of Shiba Inu by whales. As you follow on Kriptokoin.com, an Ethereum whale previously bought SHIB worth around $3.72 billion. Whale has withdrawn 312 billion SHIB tokens in a single transaction. Last week, Shiba whale activity hit a four-month high after a total of 433 transactions exceeding $100,000 in a single day.
Shiba Inu price analysis
SHIB and DOGE are gearing up for a comeback after last week’s double-digit losses. As we mentioned, whales continued to accumulate SHIB throughout the process. A spike in whale activity and large-value transactions of $100,000 or more coincide with local peaks of Shiba Inu and Dogecoin.
On the technical side, FXStreet analysis argues that the Shiba Inu is at a breakout point at $0.00001294. Shiba Inu’s next move could determine whether the meme token triggered an uptrend or a downtrend.
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