Shiba Inu has accomplished a historically significant feat as the SHIB network expands. With 2,538 new SHIB addresses registered on May 26 alone, SHIB network activity has increased significantly over the previous month.
There are now 1,309,548 SHIB holders, according to Etherscan. The dynamics of the composition of SHIB holders altered together with the number of holders.
In this sense, Shiba Inu has reached a record-high percentage of long-term holders, which is an exceptional milestone.
Seventy percent of SHIB holders have now kept their tokens for more than a year, indicating long-term holders, according to IntoTheBlock’s holders’ composition by time held.
Shiba Inu is performing better than other blockchains in this area compared to competitor Dogecoin, whose proportion is now 69%. 53% is also the proportion for Cardano.
Just 2% of SHIB holders have kept their tokens for less than a month, while 28% of holders have retained for at least a year.
Given the unfavourable market circumstances seen over the previous year and even now, the number of those who have held for less than a month and within a year continues to be lower.
Shiba Inu is now selling at $0.0000084, which is a six-month low.
Thus, despite the recent price decreases, the percentage of long-term SHIB holders shows the community’s confidence in the token.
Shiba Inu’s large transactions jump 177%
Data from IntoTheBlock shows that over the past 24 hours, significant transactions on the Shiba Inu network have increased by 177%.
huge transaction spikes are frequently correlated with a surge in activity by whales, or huge holders who are either buying or selling.
SHIB was making an effort to rebound at the time of writing, with a little gain over the previous day of $0.0000084.
