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HomeCrypto NewsMarket36K New Shiba Inu Addresses Interact on Network, Setting New Record

36K New Shiba Inu Addresses Interact on Network, Setting New Record

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Shibarium Public Beta Testnet Launch Drives Massive Growth in Shiba Inu’s Network Activity.

Shiba Inu has seen a record surge in network activity since the start of the year. The number of active addresses interacting on the SHIB network reached nearly 36,000 in late March 2023, according to analyst Ali Martinez, citing data from the Santiment portal.

Over a year, the Shiba Inu cryptocurrency experienced a significant surge in daily active addresses, with 35,788 distinct SHIB addresses engaging on the network, marking the highest spike to date.

This surge is attributed mainly to the success of Shibarium Public Beta Testnet, Puppynet, which has surpassed 200,000 wallet addresses and processed over 1 million transactions in just one week since its launch.

Despite the growing interest in Shiba Inu, the price has remained relatively stable, trading within a narrow range of $0.00000964 to $0.00001167 since March 3, 2023. However, the growing community of Shiba Inu holders and investors could push the price higher and overcome the critical resistance level at $0.00001167 on the 4-hour chart.

Shiba Inus Chart Analysis

As of press time, Shiba Inu is trading at $0.00001081, experiencing a decline of -3.95% over the past day, with a 24-hour trading volume of $225,800,648 ($225.80M).

Shiba Inu’s WAGMI Temple Hub Featured in Forbes Tech Article: On the other hand, Shiba Inu’s Metaverse WAGMI Temple Hub, which debuted at this year’s SXSW festival, has recently caught the attention of the American business magazine Forbes. The popular project was mentioned in a recent tech article for its innovative approach to the Metaverse.

$65.44 Million Worth of Shiba Inu Moved to Coinbase: Recently, it has been reported that three unidentified wallets have transferred an enormous 6,087,952,185,063 (6.08T) SHIB tokens, worth $65.44M, to a Coinbase-associated wallet named “Coinbase 10.”

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Zabi
Zabi
Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

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