Shibarium Reaches New Milestone with 300 Million Transactions
Recent growth in activity saw a surge in daily transactions to a peak near 8 million.
Shibarium’s Recent Growth Explained
The network’s daily transactions have since fallen to around 2.7 million from their peak, with the network currently having around 1.34 million wallet addresses and having processed over 2.78 million blocks.
Shibarium Gets a Boost from Gate.io and GroveX
Gate.io began allowing users to purchase and transfer BONE tokens directly to Shibarium, and GroveX was the first to integrate with the network, further boosting Shibarium’s credibility.
SHIB Token Experiences a Slight Downturn
Shiba Inu’s native token, SHIB, has seen a 4% drop in the last 24 hours and a 10% fall over the past week. The cryptocurrency is down over 22% over the last 30 days.
Robinhood Adds 231 billion SHIB Tokens in a Single Day
Robinhood has added an additional 231 billion tokens to its Shiba Inu wallet in a single day as investors on the platform continue to accumulate the meme-inspired cryptocurrency.
Whales Accumulate Meme-Inspired Cryptocurrency
Cryptocurrency whales have been accumulating the meme-inspired cryptocurrency. One whale sent a whopping 136.8 billion tokens to a newly created wallet earlier this week, shortly after the community-driven cryptocurrency project incinerated 9.35 billion tokens.
Hot Take
The rise in transactions on Shibarium and the increasing activity has seen the SHIB token experience a slight downturn amid a wider crypto market correction. Despite this, the meme-inspired cryptocurrency is seeing continued growth and accumulation by large investors.
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