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Long Term Shiba Inu Holders Increase Holding By 57% In 30 Days, Benefit Massively From Token Surge

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Long Term Shiba Inu Holders Increase Holding By 57% In 30 Days.



Long-term Shiba Inu (SHIB) holders are reaping the fruits of their undying support for the dog-themed cryptocurrency project, following a listing of the digital currency on Robinhood. 

According to data published by popular cryptocurrency analytic data platform IntoTheBlock, addresses holding Shiba Inu for over a year had increased their balance of the coin by 57% in the past 30 days. 

 

Following the massive accumulation of the 15th largest cryptocurrency, addresses in this category now hold 2.82% of Shiba Inu total supply. 

As reported on The Crypto Basic, Ethereum whales have seized every opportunity to increase their SHIB holdings, with billions of the cryptocurrency added at intervals. 

Many thought these traders had lost their minds given that the Shiba Inu team seems to have neglected SHIB in its recent development, especially as holders of the cryptocurrency were denied from purchasing land in its metaverse

Interestingly, traders were heavily compensated after Robinhood added support for SHIB, pushing its price to a high of $0.00002874 over the last 24 hours. 

SHIB, which fell to a low of $0.00002201 earlier today, is up over 30% in the last 24 hours, with traders who bought the coin in the past month being the major beneficiaries of the surge. 

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Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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