Shiba Inu holders continue to grow, crossing 1.2 million mark
NOWpayments, the Shiba Inu-enabled crypto payments processor, continues to expand meme cryptocurrency support. This time, in partnership with Switchere crypto exchange, NOWPayments has launched an automatic conversion feature that would allow its merchants to exchange their SHIB funds for fiat directly without any intermediary transactions.
As of May, SHIB wrapped on the BNB Chain can now be accepted by merchants using NOWPayments. Earlier in 2022, the noncustodial cryptocurrency payments processor added a feature that enables businesses to burn a portion of the revenues they receive in Doge Killer (LEASH) or Shiba Inu (SHIB).
Shiba Inu owners have crossed the 1.2 million mark
Shiba Inu owners continue to grow, crossing the 1.2 million mark. According to WhaleStats, the number of Shiba Inu owners stands at 1,200,301. An analysis of the top 100 Shiba Inu owners shows 23.61% of the average SHIB balance of these owners, a 15.29% increase in value Average SHIB and a 110% positive increase in net flow.
This comes as Shiba Inu returns among the top 10 most purchased and also in trading volume among the 5,000 biggest ETH whales in the last 24 hours. Shiba Inu also ranked among the most used smart contracts among the top 2,000 ETH whales in the last 24 hours.
According to SHIB burns Twitter manage, there have been over 52,707,613 SHIB tokens burned and 15 transactions completed in the last 24 hours.
