The top 100 Shiba Inu holders have increased their portfolios
According to WhaleStats’ analysis of the top 100 Shiba Inu owners, the average SHIB balance held by these top owners has increased by 84% in the past 24 hours. The Shiba Inu price is hovering at $0.0000231 at press time. Large investors have been known to use down periods to accumulate discounted tokens.
The top 100 Shiba Inu holders have likewise increased their portfolios, as WhaleStats reports an 84% rise in the average SHIB balance of this category of investor. The average SHIB value of their portfolio has also grown by 75.68%. Both volume and active addresses have grown by 34.52% and 9.09% over the last 24 hours, demonstrating healthy metrics.
The Shiba Inu network is also growing by welcoming new users after crossing the million mark. The current number of holders stands at 1,197,264. The growing number of users may not have an immediate effect on a coin or token in terms of market price, but from a fundamental growth perspective, many holders are a key determinant of the future of the asset.
Shiba Inu’s recent developments
As U.Today previously reported, Wirex has expanded its ecosystem to enable 4.5 million users to access Shiba Inu (SHIB). With the move, Wirex users can receive, send, store and exchange Shiba Inu tokens across its app, wallet and payment platforms.
Already, thousands of SHIB holders are applying to SHIB-Themed Restaurant Welly’s to manage new locations. However, a new location will only see the light of day next year. The reason for this is that the Welly’s team wants their activity to be absolutely and easily reproducible “anywhere without problems”. The restaurant chain’s team is now taking the time to bring this to life and fine-tune their existing locations.
As reported by U.Today, Aron recently announced that AMC would start accepting Shiba Inu and Dogecoin, the two largest meme cryptocurrencies, later this March. The cinema chain, which operates 1,004 movie theatres in 15 countries, started accepting Bitcoin and some major altcoins in November.
