Shiba Inu (SHIB)

According to monitoring by @EmberCN, in 2020 they spent only 37.8 ETH (approximately $13,700) to purchase 103 trillion SHIB, holding 17.4% of the total supply as early whales. In the past month they have sold about 3.8 trillion SHIB, cashing out roughly $20.73 million. Their holdings were worth about $9.1 billion at the 2021 bull market peak; they still hold about 96.27 trillion SHIB (16.3% of total supply), valued at roughly $457 million. During the same period, SHIB price fell about 14.5%. https://t.co/s8rG8UmORf

SHIB burn rate falls 74% with $13 burned in 24 hours, Why sudden drop? https://t.co/HWGDTdOrEr

#ShibaInu lead developer Shytoshi Kusama has remained inactive on the social media platform for more than a month. His last appearance came on May 13, when he shared an enthusiastic post and tagged fellow developer Kaal Dhairya.

Meanwhile, Kusama has consistently linked his social media inactivity to his ongoing artificial intelligence initiative, which he previously described as the next phase of Shiba Inu’s evolution.

Kusama’s latest disappearance comes at a challenging time for SHIB. At press time, SHIB trades at $0.000004677 with a market cap of $2.75 billion. The token has declined 32.3% since the start of the year and remains 94.73% below its all-time high of $0.00008845.

As a result, SHIB now faces the risk of slipping out of the top 30 cryptocurrencies by market cap. The token currently ranks as the world’s 29th-largest cryptocurrency. $SHIB
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