Shiba Inu has been on a record-breaking spree of late. As far as its price front is concerned, the token appreciated by almost 60% in merely two days [between 6 and 7 February]. This led to the Shiba Army equating the token with Bitcoin. Concerning the preference facet, Shiba Inu recently flipped FTX to be the biggest ERC-20 holding coin among the top 1000 Ethereum whales.
Further, in a development that just broke a few hours back, the Shiba Inu team announced that they were expanding their ecosystem by releasing properties for sale in the metaverse “really soon.”
Its recently opened fast food joint Welly too, for that matter, has been doing well. Visitors have been quite delighted with the delicacies offered and have, in turn, given it a 4.9/5 rating on Google.
Shiba Inu’s popularity continues to soar
All the aforesaid feats were achieved back to back, in less than a week. In effect, the Shiba community took social media platforms like Twitter to express their elation. On that very note, the social volumes for Shiba Inu have consistently been on the rise.
It has been able to maintain its ‘trending’ streak without much difficulty. With over 41.6k tweets, #SHIBARMY too was seen trending alongside Shiba Inu on Twitter at press time.
Well, the trends are justifiable to a large extent because the Shiba community has quite a lot to rejoice about. In the latest record, the number HODLers of the token just created a new high. They currently stand around the 1,165,231 mark. Additionally, the top 1000 ETH wallets currently possess 55,042,202,011,392 SHIB tokens collectively worth $1,652,540,079.
What’s more, the number of Shiba whales continues to grow. Whale data aggregating platform WhaleStats recently brought to light that a “new SHIB whale was born.” Two large transactions worth $96,660,557 were carried out by the said whale wallet a day back.
All the aforesaid datasets and developments point towards one thing – the illustrious growth of Shiba Inu and its ecosystem. Given its community backing, supplemented with its ambitious plans for the future, its growth streak is set to prolong in all likelihood.