Shiba Inu has hit new record, leaving nearly 5,000 other cryptocurrencies behind
Shibburn tracker of burned Shiba Inu tokens has shared a tweet by LunarCrush, saying that SHIB has outpaced 4,489 other coins across the market, taking AltRank’s first spot.
This peak was reached based on SHIB’s relative combined social and market activity. AltRank measures the performance of a digital currency on the whole cryptocurrency market.
— Shibburn (@shibburn) July 29, 2023
In the meantime, the Shibarium beta Puppynet has reached yet another big utility milestone. Over the past few days, the total number of transactions performed on it has added another million, now reaching 33,323,201, according to the Puppyscan explorer.
Top-tier whales scooping up 1.11 trillion SHIB
Despite the overall feeble performance of the whole crypto market this week, SHIB alone has demonstrated substantial growth, adding nearly 6% to its price within the last 24 hours.
Santiment agency believes that the gradual price rise of this popular meme coin recently has driven cryptocurrency whales with 10 million-100 billion SHIB tokens in their wallets to acquire an additional 1.11 trillion SHIB worth approximately $9 million over the past two months.
Besides, SHIB has reclaimed the 14th position on CoinMarketCap, leaving behind several major altcoins — Stellar (XLM), Avalanche (AVAX), Bitcoin Cash (BCH) and a few others — by the size of the market cap.
At the time of this writing, SHIB is exchanging hands at $0.000008178, per data provided by CoinMarketCap.