Shiba Inu (SHIB) is on the surge and its community is rejoicing every moment. In recent developments, Over 1.5 Billion SHIBs have been burned by the community in February 2022. Shiba Inu has also entered into the fashion world through its partnership with John Richmond designer wear.
Announcement: @JRichmondstyle x @Shibtoken just in time for fashion week!
John Richmond partners with Shiba Inu for a cutting-edge fashion collaboration!#LegendsLiveForever
🧵10,000 JR x SHIB NFTS
💃Fashion Show – Milan Italy
🌎Collection in Boutiques Worldwide#ShibArmy pic.twitter.com/jjPNw360Jradvertisement
— Shib (@Shibtoken) February 28, 2022
SHIB to enter fashion industry
Shiba Inu from its official Twitter Handle announced its cutting-edge fashion collaboration with John Richmond designer wear. This is a big development regarding SHIB expanding its horizon. As per reports, the upcoming fashion walks might don John Richmond and Shiba Inu’s collaborated dresses. Around 10,000 collaborated NFTs might be launched soon.
Shiba Inu price’s jump by 18%
After all these boosting updates, World’s second-largest meme-cryptocurrency is up by over 18% in the last 24 hours. SHIB is trading at an average price of $0.000028, at the press time. The coin has seen a jump of 87% in its 24-hour trading volume of $2,152,029,532. As per Coinmarketcap, SHIB is ranked at the 14th spot with a total market capitalization of $15,421,677,574.
2022-03-01T23:11:55+5:30
Over 1.5 Billion SHIB tokens burned in Feb. 2022
The official Twitter handle of Shibburn announced that 1,495,356,204 SHIB tokens have been sent to the dead wallet in the month of February with just 252 transactions.
In the past 24 hours, there have been a total of 45,086,353 $SHIB tokens burned and 12 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) March 1, 2022
They are not stopping here as Shibburn further declared that they have burned another 45,086,353 SHIB tokens in the last 24 hours. That’s over 1.5 Billion Shiba Inu coins that have been burned to support the community.
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2022-03-01T22:49:11+5:30
SHIB lands on top used smart contracts by ETH whales
As per the data posted by WhaleStats, the SHIB token has landed on the list of topmost used smart contracts by the largest of the ETH wallets.
JUST IN: $SHIB @Shibtoken is back on top most used smart contracts by 1000 biggest #ETH whales over the last 24hrs 👏👏
Whale leaderboard: https://t.co/GNcrtlXpTJ#SHIB #ShibArmy pic.twitter.com/DbIBVyduxH
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) March 1, 2022
As we dig in, Shiba Inu is the third-largest token held by the ETH whales. They hold over $1,4 Billion worth of SHIBs. The dog-themed meme-cryptocurrency makes over 17% of the total holdings by the whales. However, the FTX token is still the largest coin held by them with 18.4%. ETH whales hold over $1.5 Billion worth of FTX tokens.
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