Find out how Shiba Inu has been developing in recent months shibainu
has had major highlights that positively impacted the sentiment of the altcoin meme community. But what were these developments, and what can we expect for the altcoin price?
Recently, the SHIB holder base reached a new milestone. The meme coin now totals more than 3 million addresses created.Burn rate and large investors In fact, this is one of the most attention-grabbing modalities of Shib. On Mar. 19, 2022, for example, some 190 million tokens were subtracted from the currency's circulating supply from seven transactions performed within 24 hours.
Shiba Inu's on-chain data further shows that large altcoin transactions have experienced a 200% increase. In other words, whales are conducting large activities with the token.Despite the mentioned factors, the token's price is still falling. First, the current situation on the crypto market has impacted this movement. After all, sellers are not only acting on SHIB but important cryptocurrencies such as Bitcoin and Ethereum are also undergoing a correction.
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