SHIB Owners On The Rise

One of the leading blockchain analytic companies, WhaleStats, reveals that there is a massive increase in owners/holders of Shiba Inu (SHIB) token . More specifically, WhaleStates reveal that there are currently a total of 1.145.212 holders of Shiba Inu worldwide.

The new record for one of the hottest altcoins in 2021 comes just four days after reaching a milestone of 1.140.000 users. And in just four short days, SHIB managed to gain a little over 5 million new owners.

Moreover, the report by WhaleStats also shows that BabyDoge also set a new record. In particular, on the 17th of January, BabyDoge reached a record number of 1.260.401 wallet owners. Due to this, BabyDoge is currently ahead of its biggest rivals, Floki Inu and Shiba Inu.

However, not all is grim for SHIB, considering the fondness for ethereum that the ethereum whales display. More specifically, the top 1000 ETH holders currently own 51.660.947.527.321 SHIB. This amounts to a whopping $1.481.475.410.

And the increase in SHIB holders among the ETH whales is definitely not a coincidence.

Burning Of Shiba Inu Tokens

With this in mind, the fast-paced burning on ETHER continues on an almost weekly basis. The latest such instance is Bigger Entertainment which plans to burn 47 million SHIB through the means of a ‘burn party’. According to the owner, Steven Cooper, the SHIB burn pot is already prepared for the incarnation.

Yet, this is not the biggest ‘burn party’ of the company. Back on December 26th 2021, Bigger Entertainment burned out 239.600.144 SHIB, making for the company’s biggest SHIB incarnation to date.

Cooper even revealed that the company will burn 3.409.943.656 SHIB tokens for their next burn event, or around $100.000. And according to @shibburn, a Twitter user, 20.283.185 Shiba Inu tokens were burned only in the past 24 hours.

Consequently, at the moment of writing, 41.03% of the total amount of SHIB originally issued, is destroyed. That is out of the total issued amount of 1 quadrillion SHIB token