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- Shiba Inu’s increasing popularity: 36 trillion SHIB remain in profit amidst milestones.
- IntoTheBlock discloses: 36 trillion Shiba Inu tokens maintain profitable status at the current price.
- SHIB community expansion surges: all-time high in SHIB addresses as Shibarium launch approaches.
Shiba Inu (SHIB), the well-known meme-inspired cryptocurrency, is attracting considerable attention as it achieves new milestones and draws a larger community. As per IntoTheBlock’s assessment of active addresses, an impressive 36.75 trillion SHIB positions are presently at the money at the current price.
IntoTheBlock, a leading blockchain data analytics company, has classified Shiba Inu (SHIB) addresses based on their profitability, identifying them as either profiting (in the money), breaking even (at the money), or incurring losses (out of the money) at the current price. At the time of this report, SHIB was experiencing a 1.12% rise in the last 24 hours, reaching $0.00000828, and a 6.06% increase over the past week.
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Data indicates Shiba Inu support near $0.000008
Recent statistics reveal that 1,710 addresses have acquired a total of 36.75 trillion SHIB at the current price of approximately $0.000008. This considerable volume of Shiba Inu purchased suggests that the price may be discovering significant support around the $0.000008 level. This aligns with SHIB’s goal to correlate its recent network growth with appropriate price movements.
Importantly, the official Shiba Inu Twitter account recently acknowledged the impressive growth of the SHIB community, which has led to a new all-time high in the number of addresses holding SHIB. Over the past week, the count of holders saw a remarkable 22% increase, reflecting the rising interest and engagement within the SHIB ecosystem. Additionally, Shibarium, the network linked to SHIB, continues to achieve new milestones, generating considerable interest from users.
The anticipated launch of Shibarium later this month has also triggered significant activity, with over 34.6 million transactions from 17 million wallets recorded, indicating the strong demand for the network.
SHIB’s price has been consistently rising in recent times without any notable catalyst. As the momentum persists, SHIB aims to exceed its current price level and potentially target the $0.00001 milestone. The ongoing developments within the SHIB ecosystem have attracted the attention of investors and cryptocurrency enthusiasts, who are keenly awaiting further advancements in the Shiba Inu market.
