Number of SHIB Addresses Exceeded 1.2 Million!

in cryptocurrencies With the ongoing bear season, SHIB It is a general belief that the popularity of meme tokens is decreasing. However, some data show that this is not the case.

CoinMarketCap meme token based on data shiba inu The number of addresses has exceeded 1.2 million. In the past month alone, the number of SHIB active addresses has increased by 40,000. At the beginning of last August, the number of addresses had experienced a serious decline. With the recovery that followed, the previous peak was also passed.

SHIB Gained 60% Value in 3 Months!

The increase in the number of SHIB wallet holders brought with it the rise. Meme token has earned its investors 60% in the 3 months since June 12, 2022.

For comparison, on the same date Bitcoin (BTC) Investors who bought it still have not been able to make a net profit.

After the low in June, SHIB enjoyed a calm recovery. SHIB rose as high as $0.00001800 with the news in mid-August.

Another important factor in the rise of the SHIB price is the community’s efforts to reduce the token supply.

With the burning mechanism of Shiba Inu, it is aimed to reduce the token supply. Investors’ biggest expectation is that the price of SHIB will rise even more with the decrease in supply and then the increase in demand for SHIB.

According to data from the Shibburn site, the amount of SHIB burned in the last 24 hours has increased by 2950%. 200 million Shiba Inu tokens have been burned in the last 24 hours.

$SHIBAs of writing, it is trading at $0.00001275.