Reaching Milestone, Meme Coin Is Listed on Massive Exchange

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  • The popular meme cryptocurrency, which reached a new milestone after the number of investors continued to increase, was listed on a giant crypto exchange.

According to a post by one of the SHIB team members, meme cryptocurrency Shiba Inu (SHIB) The official Twitter account reached a new milestone with 3.4 million followers. To compare, rival and original meme cryptocurrency Dogecoin (DOGE) He also has about 3.4 million Twitter followers. The Shiba Inu has seen growth in recent months and has added over 700,000 followers to its official account since February.

“New record: Shibtoken reaches over 3.4 million followers.”

In addition, the number of Shiba Inu’s holders continues to increase. The total number of SHIB holders rose to 1,182,817, according to WhaleStats. While the increase in the number of investors may not have an immediate effect on the Shiba price, it may indicate long-term interest in an asset.

Shiba Inu whales have become more active in the past 24 hours, as analysis of the top 100 Shiba Inu holders by WhaleStats, a popular whale watching platform, reflects a 20 percent increase in active addresses as crypto whales interact with billions of Shiba Inu.

SHIB has displaced FTX again

In addition, Shib and FTT token The war between the two countries did not slow down, and FTT left its place to the SHIB token as the largest holding of the 100 largest ETH whales according to the dollar value it reached yesterday. Blockchain data tracker also reported that with an investment of $403,974,830, SHIB accounted for 14.53 percent of whales’ assets.

Kraken listing from SHIB

Kraken, one of the world’s leading crypto exchanges, is finally on its platform earlier today. Shiba Inu (SHIB) Added support for The SHIB listing came after the platform’s community lingered for about a month, and trading will begin on November 30. The listing announcement had an immediate impact on the altcoin price, with SHIB jumping 30 percent to record a two-week high.

91% of investors prefer Shiba Inu

According to a recent survey by Rain, the largest exchange in the Middle East, 90.9 percent of traders preferred the Shiba Inu. SHIB trading was launched on Rain in May, months after the exchange tipped over the listing.

In addition to all these developments, a total of 13 transactions were carried out in the last 24 hours, and 110,830,578 SHIB tokens were burned. Shibburn, which is a monitoring platform that actively performs SHIB burning and can track the amount of SHIB tokens burned by the Shiba Inu community, reported that the burning rate of the popular meme cryptocurrency also increased by 158.24% in this time frame.

SHIB will initially be paired with USD and EUR, with a minimum of 50,000 SHIB required to trade on Kraken. The crypto exchange also announced that Kraken and Kraken Terminal will be available for the meme cryptocurrency, but Futures and Margin Trading will be restricted at launch.

Committed to developing community ecosystem

shiba price November was pretty bleak for the Shiba Inu as they lost more than 50% of their all-time high of $0.000885 in October. Despite the continued price drop, the SHIB community continued to focus on building and improving the ecosystem.

The Shiba Inu team recently announced its Metaverse goal with the launch of its gaming startup, and again the team has hired Activision’s former vice president of technology, William Volk, to help develop Play-To-Earn NFT games.

Shiba Inu’s Welly NFT streamed on Twitch

Shiba Inu broadcast the WellyFriends NFT project on TV streaming platform Twitch on June 17 at 10:30 pm. As announced by the platform, 10 percent of Welly earnings are currently allocated to burns and rewards.

This move comes after the public sale of Wellyfriends’ NFT mint event. The Welly collection, containing 10,000 NFTs of different qualities and combinations, was published in three different stages: private sales of Shiboshi & LEASH holders, printing assigned to whitelist points on Discord, and then public sale.

Following this burn event, investors shared a screenshot of their WellyFriends NFT with the rest of the community. shared.

Shiba Inu is now accepted by Spanish airline Vueling

Shiba Inu can now be accepted by Spanish airline Vueling via crypto payment processor BitPay. According to a recent announcement; Vueling and BitPay have signed an agreement that will allow the airline’s customers to pay with crypto assets.

According to a press release, this service is expected to be available to individuals only on the company’s website by early 2023. Customers, more than 100 wallets for their flight, shiba inu (SHIB), bitcoin (BTC), Bitcoin Cash (BCH), dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC) and Wrapped Bitcoin They will be able to pay using any of 12 different cryptocurrencies, including (WBTC).

The Shiba Inu is back in a price range last seen in August 2021, after hitting as high as $0.00000739 on June 13 amid the most recent market dips. According to CoinMarketCap, the Shiba Inu has fallen marginally in the last 24 hours and stands at $0.0000075 at the time of writing in line with the market drop.

You can check the price movements here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.


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