ETH

Shiba Inu Continues to Add Holders Ahead of Shibarium Launch, Over 10k in 2 Weeks

by BSC News

December 22, 2022

Shiba Inu is back in the spotlight ahead of the new year and users are coming with anticipation for whats next.

Shiba Inu Prepares for Metaverse

Shiba Inu holders have crossed 1.26 million, adding over 11,000 holders in the last weeks. The small rise is notable considering the bear market and the already brimming popularity of the project.

With the featured Shibarium updates coming–– including the metaverse beta reportedly coming in Q1 2023––Shiba Inu has been regaining popularity in the last few weeks.

Binance also recently picked Shiba as one of its tokens to watch in 2023, and the BONE token from Shibarium has also seen positive price action this month.

Woof! SHIB becomes one of the most watched crypto assets in @binance during 2022, next to Bitcoin and Ethereum. https://t.co/88wkeM0Nuv
— Shib (@Shibtoken) December 18, 2022

The Shiba Burn has also been working hot. There have been over 45 million SHIB tokens burned since December 19, with the Shibburn Twitter account following the burn progress well.

In the past 24 hours, there have been a total of 41,452,234 $SHIB tokens burned and 9 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) December 20, 2022

What is Shiba Inu:

Shiba Inu is an Ethereum-based altcoin with the Shiba Inu—a Japanese breed of hunting dog—as its mascot. The SHIB token aspires to be an Ethereum-based alternative to Dogecoin (DOGE). Unlike Bitcoin, which is designed to be scarce, SHIB was created to be intentionally abundant — with a total supply of one quadrillion. The Shiba Inu Token ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap.