The official Shiba Inu account now has more than 3.7 million followers as the Twitter community surrounding the SHIB coin has grown substantially.
SHIB and DOGE moving together
Strangely, SHIB and DOGE have been competing head-to-head here since last year. Both coins had 3.4 million Twitter followers as of late May 2022.
They both now have 3.7 million Twitter followers, an increase of 400,000 followers in the last 12 months.
Shiba Inu has one million more SHIB holders than the current total, which as of CryptEye is 2,373,060. This sum includes an increase of 751 holdings over the previous day.
SHIB burn rate up 1,440%
The burn rate of the second-largest meme currency by market capitalization value has surged by a staggering 1,439.2% over the past 24 hours, as reported by U.Today earlier. The data given by the Shibburn cryptocurrency tracker, which publishes SHIB burn transactions via Etherscan, makes this quite evident.
15,399,176 Shiba Inu meme coins have been transferred into “inferno” wallets during the course of the last 24 hours. 11,321,176 coins were the majority of this that were sent in one transaction to a defunct wallet.
Jeremie Davinci says he will sell ADA for SHIB
On Sunday, a TikTok video featuring Jeremie Davinci, a well-known cryptocurrency YouTuber and billionaire who bought Bitcoin at the beginning, was released. The blogger displays a package containing actual duplicates of many currencies, including BTC, ETH, SHIB, DOGE, and ADA, in that video. He called them playfully “physical cryptocurrencies.”
Davinci said that he plans to sell Cardano (ADA) for his SHIB and DOGE when asked which of them he would hold and which he would sell. Investors shouldn’t interpret this film as Davinci’s recommendation for a particular investment, though, since it is probably simply a joke.
According to CoinMarketCap, Shiba Inu is currently trading at $0.000009987 after adding another zero following a minor decline. According to the same source, Dogecoin is currently selling at $0.07886 after falling 2.57% over night.
