![Shiba Inu [SHIB]: Watch the burn and find out who these new holders are](https://i.headtopics.com/images/2022/7/31/cryptoamb/shiba-inu-shib-watch-the-burn-and-find-out-who-these-new-holders-are-1553758306879029248.webp)
Shiba Inu, the popular meme-cryptocurrency, recently announced the new SHIB Burn Visa card. It burns SHIB while making payments. In fact, a SHIB Burn Visa Card comes with the slogan “Make payments, burn SHIB.” Now, days later, here’s a fact check on the said initiative. ‘On fire’ report card SHIB’s community keeps burning Shiba Inu […]
in trading volume on Santiment. Thereby, showcasing the growing interest in the altcoin.Shiba Inu’s composition seems to have taken a dramatic turn for the good. Additionally, SHIB’s long-term holders maintained a bullish outlook, despite the obvious low/consolidated price.
According to IntoTheBlock’s data on holders’ composition, 26% of SHIB holders held onto their tokens for more than a year. This represented a hike from mid-June’s stats when the same composition stood <20%. Apart from this, 70% held within a year, while 4% held onto their tokens for less than a month.Interestingly, the aforementioned stats come at a time when its current holders have weathered heavy losses.
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