Shiba Inu’s current total holder count stands at 1,198,043, reflecting growth
After hitting the one million mark at the end of 2021, Shiba Inu have added nearly 200,000 new owners since then. According to data from WhaleStats, the current total number of Shiba Inu owners stands at 1,198,043, which reflects the growth of this aspect. In terms of market price, the increase in the number of holders may not directly impact the token. But from a primary growth perspective, this could be a positive sign.
Per WhaleStats’ analysis of the top 100 Shiba Inu holders, the average SHIB balance held by these large holders is up 50.29% over the last 24 hours. The average SHIB value of their portfolios has grown by 36.07%. The Shiba Inu price trades up 5% at $0.000024 at the time of publication. Large investors are known to use periods of dip to accumulate tokens at a discount.
As reported by blockchain data tracker, Shiba Inu briefly returned to the top 10 tokens bought and most used smart contracts by the top 1,000 ETH whales in the past 24 hours.
Incentives for new users
Cryptocurrency exchange Binance has announced a new promotional offer for new users, allowing them to earn free Shiba Inu (SHIB) tokens.
The lion’s share of the prize pool ($80,000) will be distributed to those who register on the website using a referral link. Each new user will be able to get up to 308,000 SHIB tokens. Binance users with a total trading volume of more than 1,000 USDT tokens across all trading pairs that feature the Shiba Inu cryptocurrency will split the remaining $20,000 equally.
After becoming the best-performing cryptocurrency of the year in 2021, SHIB’s performance has been underwhelming in recent months as it remains down 73.23% from its record peak.
