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.
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%).
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%.
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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