Shiba Inu (SHIB) and Dogecoin (DOGE) continue to maintain relevance as relatively older meme coins amidst the ongoing frenzy surrounding meme coins. The increasing number of transactions and growing adoption within their respective networks attest to their continued significance. Notably, Shiba Inu remains unaffected by the emergence of new meme coins like PEPE, forging ahead independently.
While the top ten crypto assets witnessed a decline in large transactions, Shiba Inu (SHIB) moved in the opposite direction. Recent data from IntoheBlock reveals a notable surge in large transactions within the Shiba Inu network, totaling $9.9 million in the past 24 hours. This represents a significant rise of 43.78%.
It is worth mentioning that a significant portion of these transactions can be attributed to whale investors. The data highlights that 67.35% of SHIB holders are whales, while retail investors account for 20.44%, and other types of investors represent 12.21%. This suggests that a relatively small number of large holders exert considerable influence over the network’s transactions.
Digitra.com Adds SHIB with Zero Fees
Prominent Brazilian crypto exchange, Digitra.com, has recently listed SHIB, bringing several benefits to the network, including zero-fee trades. This listing holds significance for SHIB and provides users with enhanced accessibility to trade the digital asset.
To commemorate the SHIB listing, Digitra.com has launched a giveaway contest featuring a prize pool of 200 Digitra tokens (DGTA). The contest is open to all verified account holders of Digitra.com. Participants can enter by following Digitra.com’s official Twitter account and showing their support by liking the SHIB giveaway tweet before May 23.
Excitingly, there are hints of another upcoming listing for SHIB on the Bahrain-based exchange CoinMENA. The exchange has been teasing the community by tagging SHIB-related individuals and providing glimpses of the forthcoming listing, generating anticipation among SHIB enthusiasts.
However, despite recent developments in the meme coin market, the price and profitability of SHIB continue to dwell in the red zone. Currently, SHIB is trading at $0.00000868, experiencing a daily drop of 1.45%. Unfortunately, a significant 81% of SHIB holders find themselves at a loss, while only 16% can pocket profits from their investments. The current market conditions reflect the challenges and volatility SHIB holders face