Ethereum

Million

April

Shiba Inu

<ul>
<li><strong>Shibarium beta has recorded a new all-time high related to utility and adoption, while big whales continue to scoop up SHIB.</strong></li>
<li><strong>The number of wallets connected to Shibarium has surpassed 14 million.</strong></li>
</ul>
<hr />
<h2 id="shibarium-registers-new-inflow-of-users-hits-biggest-milestone-since-launch">Shibarium Registers New Inflow of Users, Hits Biggest Milestone Since Launch</h2>
<p>Shibarium wallet number grows Recent data shared by Puppyscan <a href="https://puppyscan.shib.io/">shows</a> that the number of wallets connected to Shibarium has surpassed 14 million, now standing at 14,061,562. However, the growth has been smaller than earlier this week, with around 100,000 new wallets added since Thursday.</p>
<p>Despite this, Shibarium has hit a <a href="https://www.ethnews.com/shiba-inu-takes-on-hollywood-cnbc-predicts-shib-to-overtake-dogecoin-in-a-year/">new all-time high</a> related to utility and adoption. One Twitter user claimed to have created around 9 million wallets for Shibarium to stress test the Layer 2 network. The community expects 500 billion SHIB burned per year @ShibBPP, a major SHIB-focused Twitter account, tweeted that they would be impressed if Shibarium were able to burn at least 500 billion Shiba Inu tokens in one year. <img decoding="async" loading="lazy" class="aligncenter wp-image-12828 size-full" src="https://www.ethnews.com/wp-content/uploads/2023/04/SHIB-1.jpg" alt="" width="1272" height="232" srcset="https://www.ethnews.com/wp-content/uploads/2023/04/SHIB-1.jpg 1272w, https://www.ethnews.com/wp-content/uploads/2023/04/SHIB-1-300x55.jpg 300w, https://www.ethnews.com/wp-content/uploads/2023/04/SHIB-1-1024x187.jpg 1024w, https://www.ethnews.com/wp-content/uploads/2023/04/SHIB-1-768x140.jpg 768w, https://www.ethnews.com/wp-content/uploads/2023/04/SHIB-1-696x127.jpg 696w, https://www.ethnews.com/wp-content/uploads/2023/04/SHIB-1-1068x195.jpg 1068w" sizes="(max-width: 1272px) 100vw, 1272px" /></p>
<p>Previously, expectations stood higher, at trillions of Shiba Inu per week or month. A portion of the transaction fees paid in <a href="https://www.ethnews.com/shiba-inus-bone-crypto-token-surges-in-large-transactions-as-shibariums-testnet-puppynet-gains-momentum/">BONE governance token</a> now get converted into Shiba Inu and sent to dead wallets, which are burned, thus reducing the circulating supply. In the past 24 hours, the combined efforts of the SHIB army helped to remove 27,575,359 Shiba Inu.</p>
<h2 id="whale-grabbing-hundreds-of-billions-of-shib">Whale grabbing hundreds of billions of SHIB</h2>
<p>Despite efforts to reduce the circulating supply of SHIB, whales continue to buy more. Prominent wallet tracker WhaleStats <a href="https://twitter.com/WhaleStats/status/1649138216702824449">reported</a> that investor &#8220;BlueWhale0073&#8221; grabbed more than 311 billion Shiba Inu in two transactions.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f40b.png" alt="🐋" class="wp-smiley" style="height: 1em; max-height: 1em;" /> ETH whale &quot;BlueWhale0073&quot; just bought 194,114,774,578 <a href="https://twitter.com/search?q=%24shib&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$shib</a> ($2,069,263 USD).</p>
<p>Ranked #254 on WhaleStats: <a href="https://t.co/RBupemZyZX">https://t.co/RBupemZyZX</a></p>
<p>Transaction: <a href="https://t.co/MuxBFmFFUK">https://t.co/MuxBFmFFUK</a><a href="https://twitter.com/hashtag/SHIB?src=hash&amp;ref_src=twsrc%5Etfw">#SHIB</a> <a href="https://twitter.com/hashtag/ShibArmy?src=hash&amp;ref_src=twsrc%5Etfw">#ShibArmy</a></p>
<p>&mdash; WhaleStats (tracking crypto whales) (@WhaleStats) <a href="https://twitter.com/WhaleStats/status/1649138216702824449?ref_src=twsrc%5Etfw">April 20, 2023</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>This whale is ranked 254th among the top 500 whales on the <a href="https://www.ethnews.com/is-ethereum-founder-vitalik-buterin-responsible-for-the-crypto-crash-tron-founder-justin-sun-knows-the-reason/">Ethereum</a> chain. Currently, the wallet contains zero Shiba Inu as it, as usual, sold these meme coins almost immediately after buying them. As of writing, Shiba Inu is changing hands at $0.00001063, showing a price drop of nearly 2.5% over the past 24 hours, according to data shared by CoinMarketCap analytics service.</p>
<p>In summary, Shibarium has <a href="https://www.ethnews.com/shiba-inu-shibarium-witnesses-over-11-million-wallet-addresses-and-3-3-million-transactions-in-massive-spike/">registered</a> a new all-time high in utility and adoption with over 14 million connected wallets. The community hopes Shibarium will be able to burn at least 500 billion Shiba Inu tokens per year. However, whales like &#8220;BlueWhale0073&#8221; continue to purchase hundreds of billions of SHIB, despite efforts to reduce the circulating supply.</p>
<div class="cryptoboxes" id="mcw-12321" data-realtime="on"><div class="mcw-chart mcw-chart-light" data-font = "inherit" data-chartcoin = "SHI" data-chartcurrency = "USD" data-chartrate = "1.000268" data-charttype = "chart" data-chartview = "day" data-charttheme = "light" data-chartsmooth = "true" data-chartareacolor = "" data-chartbgcolor = ""></div></div>
<p>The post <a rel="nofollow" href="https://www.ethnews.com/shibarium-surpasses-14-million-wallets-and-hits-all-time-high-while-whales-continue-to-grab-billions-of-shib/">Shibarium Surpasses 14 Million Wallets and Hits All-Time High, While Whales Continue to Grab Billions of SHIB</a> appeared first on <a rel="nofollow" href="https://www.ethnews.com">ETHNews: Bringing you the news of everything blockchain, Ethereum, and the internet.</a>.</p>

Shibarium Surpasses 14 Million Wallets and Hits All-Time High, While Whales Continue to Grab Billions of SHIB

Table of Contents

ETHNews

Other articles published on Apr 24, 2023

Kryptos Vs Zenledger: Which Crypto Tax Calculator is Right for You?

Shibarium Beta Surpasses 14 Million Wallet Milestone

Litecoin Halving Just 100 Days Away, Will LTC Prices Recover?

100 Days Left Until Litecoin’s Third Halving: What Do You Need to Know?

Trust Wallet Offers Reimbursement for Users Affected by Vulnerability, Old Accounts Remain Vulner...

Community Asks: Can You Change Your Outfit in Cryptopia?

Join our free newsletter for daily crypto updates!