Will Shiba Inu Stand Up? SHIB Has Kept Longer On Wallets Than Bitcoin And Ethereum

  • Data from Coinbase’s pricing page shows that the average holding time for Shiba Inu investors on its platform is now 183 days.
  • Despite the departure of the founder of the project, the holders of the SHIB keep their assets.

The average time Coinbase users held the meme-inspired crypto asset, Shiba Inu, before selling it or moving it to another wallet has now exceeded six months. Data from Coinbase’s price page showed that Shiba Inu investors on the NASDAQ-listed crypto exchange held their SHIB tokens for 183 days.

This period exceeded the average holding time for other leading digital assets such as Solana (SOL), Bitcoin (BTC), Cardano (ADA) and Ethereum (ETH). According to the crypto exchange’s remarks, a long hold time hints at an accumulation trend. In contrast, a short wait time indicates an increase in the sale or transfer of tokens. Since Coinbase introduced the hold time feature on its platform, SHIB’s average hold time has increased, according to data from Gfinity eSports.

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Coinbase price data also revealed that Shiba Inu ranks among the 12 most popular digital currencies on the platform. The exchange also announced that 94% of its users who trade the meme-inspired coin continue to acquire more while others move their tokens. It is important to note that Shiba Inu’s trading activity on Coinbase is only a tiny fraction of his total trading activity. The meme-inspired token is listed on other top crypto trading platforms, including Binance.

Reinforce despite the departure of the founder

Four months ago, the anonymous Shiba Inu creator deleted all of his social media profiles and left the Shiba Inu community. His exit was similar to how Bitcoin founder Satoshi Nakamoto left the Bitcoin community in December 2010. However, his departure did not stop or prevent SHIB holders from holding on to their tokens.

Since the departure of the founder, the SHIB community and developers have been responsible for managing the affairs of the platform. They are developing new solutions that they plan to launch soon. SHIB: the Metaverse and Shibarium are the two popular solutions among others that they plan to launch soon.

Read more: Shiba Inu unveils the first concept of his metaverse project

The Shibarium is a layer 2 blockchain where SHIB token holders can migrate their tokens to benefit from reduced transaction fees. Like other metaverses, SHIB: the metaverse is a metaverse exclusive to the SHIB community. Members have started buying plots on this metaverse.

Additionally, the developers of SHIB recently released a preview of Shiba Eternity, a collectible card game. This game is one of the projects that the SHIB community is looking forward to. The developers of SHIB have released a preview of Shiba Eternity during gameplay following an announcement from Shiba Inu Project Manager, Shytoshi Kusama.

Kusama announced earlier that Vietnamese game players with iOS devices have accessed the game’s test version, and the test has passed. Kusama also suggested various ideas to the SHIB community regarding Shiba Eternity. One of his suggestions was Shiba Eternity tournaments, with the reward for tournament winners being anything related to the SHIB ecosystem, such as SHIB tokens, bones, or NFTs. Many SHIB holders agreed that Kusama’s tournament idea was great and supported it.

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Will Shiba Inu Stand Up? SHIB Has Kept Longer On Wallets Than Bitcoin And Ethereum

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