Shiba Inu Hits a Notable Milestone Before 2022 Wraps up

Shiba Inu has dominated the meme coin world. Despite the fact that Dogecoin is known as the “king of meme coins,” SHIB stands out in several ways, excluding the price. SHIB has always had an advantage in terms of advancement and utility.

The meme coin has recently reached a number of significant milestones. SHIB has come a long way, from reaching the highest holder counts to the record-breaking number of Shiba Eternity game downloads.

Watcher.Guru had earlier reported on December 20 that SHIB is just 2% away from a major achievement. Nine days later, as 2022 counts down to its final two days, Shiba Inu hit that milestone.

Shiba Inu’s long-term holder composition touches 60%

According to IntoTheBlock data, SHIB finally reached a composition of 60% long-term holders. The makeup of holders is crucial because it reveals their characteristics. Long-term investors benefit from cryptocurrencies because they help to maintain a more stable and less volatile price.

Since SHIB has reached 60%, the vast bulk of its holders will be concentrating on the long term, which is better for the future growth of Shiba Inu. The healthier proportion will also assist SHIB in maintaining a stable price.

SHIB enters top-10 purchases list of top 2,000 ETH whales

As per the details from WhaleStats, Shiba Inu has entered the list of the top-10 purchased list among the biggest 2,000 ETH whales in the last 24 hours.

Shiba Inu has also entered the top-10 by trading volume and purchasing tokens among the top 100 ETH whales. SHIB also accounts for 2.04% of the total whale holdings. At press time, SHIB is trading at $0.00000811, with a 1.73% spike in value over the last 24 hours.

  • meme coin
  • shib
  • shiba inu

Comments

Post a Comment

Popular posts from this blog

FTX Wallet Drainer Relentless: Bridges Another 5,624 ETH to BTC

CertiK Alert posted on October 4 that the FTX drainer bridged another 5,624 ETH to BTC. That follows a series of notifications of multiple activities by the hacker, recently. The latest amount adds to over 30,000 ETH already bridged by the FTX wallet drainer. CertiK Alert, a platform that provides real-time alerts about crypto hacks, posted on October 4 that the FTX drainer bridged another 5,624 ETH to BTC. That follows a series of notifications about the recent resurfacing of the hacker who stole a significant amount of funds from the defunct FTX exchange. #CertiKSkynetAlert The FTX drainer has bridged another 5,624 ETH to BTC Receiving wallets: Bc1q8…m7zcy Bc1qs…fyhdy Bc1q7…3tg27https://t.co/4J3l9hyvjX — CertiK Alert (@CertiKAlert) October 4, 2023 The recent alert comes after CertiK Alert had posted about the hacker bridging up to 30,000 ETH to BTC as of October 2, 2023. Over the weekend, the crypto industry observed renewed activity on the w...
Read more

Here’s how to prevent NFT theft, according to industry professionals

Image
Professionals working in the Web3 space highlighted various tools and best practices to protect NFTs from hackers and scammers. As nonfungible tokens (NFTs) attract more users, they also capture the eyes of scammers. Bad actors in Web3 have set their sights on digital collectibles, with millions being lost through scams and various attacks.  However, according to professionals working in the Web3 space, there are multiple ways and tools to prevent being a victim of NFT theft . In addition, users can also take various actions after losing their digital collectibles to hacks. Ronghui Gu, the co-founder and CEO of blockchain Security firm CertiK, told Cointelegraph that the first and most important step is always due diligence. “Avoid clicking on suspicious links and be very careful when signing token approvals,” Gu shared. Taking it a step further, the executive shared other best practices like periodically checking and revoking unneeded permissions and segregating NFTs into differen...
Read more

Sell the rumors… Buy hack announcements? Unibot retrospective

In the aftermath of a significant security breach affecting Unibot (UNIBOT), an unexpected twist in market psychology surfaced. A leading analyst on prominent crypto analytics platform Santiment dissected the curious case of Unibot price action following a hack, challenging the old adage of “sell the rumor , buy the news.” He wrote: Panic creeps in, you start getting doubts (especially having experience multiple blowups of projects before), maybe it’s just better to sell and wait it out? Looks like many UNIBOT holders felt those kind of feelings in the recent days. On Oct. 31st, a capitulation event was observed for Unibot as long-standing coins changed hands in response to panic stemming from a cryptic tweet by the coin’s developers. The subsequent sell-off resulted in the largest transaction volume spike for Unibot, accompanied by a noticeable increase in active addresses — a movement tracked closely by Santiment’s tools. If you read any UNIBOT-rel...
Read more