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Shiba Inu (SHIB) Enters Fashion Industry As John Richmond Announces Partnership

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.

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.

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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.

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.

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.

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.

Disclaimer

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

About Author

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

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