August 10, 2022

Shiba Inu (SHIB) has surpassed FTX Token (FTT) because the second-most held cryptocurrency after Ethereum (ETH) by the top-100 Ethereum pockets addresses. 

SHIB is the native asset of the Shiba Inu ecosystem. SHIB rose to an all-time excessive of $0.00008845 on Oct. 28, 2021, throughout the crypto market bull run within the final quarter of 2021. SHIB has a median of $629 million in every day buying and selling quantity in Might, signaling spectacular investor curiosity within the asset. 

In accordance with Be[In]Crypto analysis, SHIB has grow to be the second-most held cryptocurrency with a median quantity held of roughly $9.36 million and a median token amount of 470 billion SHIB. 

Such demand for the coin by the top-100 Ethereum pockets addresses has seen buyers growing their holdings solely second to ETH. 

Except for SHIB, different main property held by the top-100 pockets addresses embody however aren’t restricted to United States Greenback Coin (USDC), FTX Token (FTT), United States Greenback Tether (USDT), Wrapped Bitcoin (WBTC), and Polygon (MATIC).

Supply: WhaleStats

General, the whole price of SHIB held by the top-100 wallets is within the area of $936.61 million and equates to just about 15% of all of the cash in circulation.

Supply: WhaleStats

What’s new with Shiba Inu? 

On Might 5, 2022, Italian luxurious style label Gucci introduced that it is going to be accepting cryptocurrencies in choose retailers by the top of the month because it seems to be to broaden its presence within the crypto finance area. 

Gucci has been on a Web3 adoption path in 2022 after launching two NFT collections. 

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Las Vegas, Miami, New York, Atlanta, and Los Angeles will spearhead the crypto acceptance pilot program within the USA. 

With time, cryptocurrency as a fee technique can be prolonged to all 111 shops in North America. 

Shiba Inu (SHIB) is likely one of the cryptocurrencies that can be accepted for funds. Different digital property listed by the style label embody Bitcoin (BTC), Litecoin (LTC), Wrapped Bitcoin (WBTC), Ethereum (ETH), Bitcoin Money (BCH), Dogecoin (DOGE), and 5 stablecoins. 

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