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Shiva Inu cuts down on Dodgecoin by one notch – 20 holders own 75% of SHIB supply – Market Update Bitcoin News


Mem-based digital asset Shiva Inu has entered the top ten largest crypto assets in terms of market capitalization, taking Dozcoin down one step. In the last 30 days, Shiva Inu Token has grown 976% and occupied a market cap of over $ 40 billion. Meanwhile, the concentration of Shiva Inu whales is still quite large, along with the massive supply of 549 trillion tokens.

Shiva Inu Taps is pushing the all-time high-priced Dozfather

Crypto asset SHIB reached its all-time high (ATH) on several occasions, including today, in the morning trading session this week. SHIB’s ATH was around 00 0.00008616 and then the value subsequently dropped 11% from a high. The market value of SHIB has risen to 40 40 billion and this has allowed the Shiva Inu Token market to enter the top ten crypto assets. Shiva Inu was able to take DOGE down one step from ninth to tenth position.

Shiva Inu cuts one notch to Dodgecoin - 20 holders own 75% of SHIB supplies
Shiba inu (SHIB) has managed to push dogecoin (DOGE) from ninth to tenth largest market position.

SHIB nowadays mostly transacts with Tether (USDT) because USDT controls over 76% of all SHIB transactions in the last 24 hours. After the SHIB / USDT pair, BUSD (13.13%), TRY (4.96%), EUR (3.10%), and USD (0.84%).

Shiva Inu cuts one notch to Dodgecoin - 20 holders own 75% of SHIB supplies
SHIB / USDT on October 28, 2021. The price and figures for this report were recorded at 11 a.m. Wednesday (EDT).

Today’s top SHIB exchanges are Huobi Pro, Okex, Coinbase and Poloniex after Binance. BTC’s trading volume on Thursday was about $ 45 billion, SHIB’s 24-hour turnover was just a hair’s breadth with $ 41 billion worldwide.

Shiva Inu whale density 75% for 20 unique addresses

In the meantime, there is a lot of SHIB circulation even after Vitalik Buterin has given 1 trillion tokens and deflationary features of the network. Today 549 trillion SHIB tokens exist, which are not as scarce as other crypto assets like Bitcoin. The whale density of Bitcoin is much lower because the rich list is about 14.65% and the rich list of SHIB is surprisingly different. According to Into the Block statistics, the concentration of BTC by large holders is only 11%.

Shiva Inu cuts one notch to Dodgecoin - 20 holders own 75% of SHIB supplies
Density of SHIB whales on October 28, 2021.

According to coincarp.com, 10 holders are stocking 71.90% of the circulated supply. Of the 838,305 unique addresses (holders), 20 containers control 75.95% of the supply. Since BTC’s circulating supply on Wednesday is 18,856,937, it is much smaller than the current 549,153,115,436,361 SHIB. The top 100 SHIB holders out of 838,305 own 80.48% of SHIB supplies.

What do you think about being ranked in the top ten digital currencies by SHIB Market Cap and taking Dodgecoin down one step? What do you think about the concentration of SHIB with large holders? Let us know what you think about this topic in the comments section below.

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549 trillion, 75% to 20 addresses, Bitcoin, Bitcoin (BTC), BTC, Density of BTC, Dozecoin, Dozecoin (DOGE), Holder, Large Density of Holders, Mem Currency, Deficit, Shiva, Shiva ATH, SHIB Market Cap, Market, SHIB price, shiba inu, shiba inu (SHIB), Shiba Inu price, trillion currency, whale

Image credit: Shutterstock, Pixabay, Wiki Commons, coincarp.com, Coingecko, Tradingview,

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