Shiba Inu Surpasses 1.5 Million Holders, Fueling Growth Amid Market Recovery
The cryptocurrency market’s resurgence has breathed new life into Shiba Inu, pushing it to a remarkable new milestone. The meme coin’s holder base has officially crossed 1.5 million wallets, demonstrating sustained growth even amidst previous market downturns. This significant achievement underscores Shiba Inu’s enduring presence in the crypto landscape.
A Milestone Celebration
Shiba Inu’s marketing lead, Lucie, celebrated this achievement on X (formerly Twitter), highlighting the impressive growth of the community. Etherscan data corroborates this, showing over 1,507,445 wallets holding SHIB at the time of writing, a number that continues to climb. The total transaction count on the contract has also exceeded 15 million, reaching almost 15.5 million.
Bury 2.0: Driving Community Engagement
A key factor contributing to this heightened participation is the upcoming launch of Bury 2.0, a novel staking mechanism. This innovative platform allows holders of SHIB, TREAT, BONE, and LEASH to stake their tokens and actively participate in the ecosystem.
Benefits of Bury 2.0:
- Enhanced Voting Power: Stakers receive veTokens (e.g., veSHIB), granting them real voting rights on crucial ecosystem decisions, with voting power increasing proportionally to staking duration.
- Access to DeFi Features: Staked tokens are utilized in DeFi activities like yield farming and liquidity pools, generating returns instead of remaining idle.
- Evolving Rewards System: Rewards for staking aren’t static; long-term stakers are rewarded with increased opportunities for airdrops, giveaways, and loyalty bonuses.
- Localized Control: Each stake can create custom veTokens, allowing localized decision-making and rewards, fostering community ownership.
Lucie emphasizes that Bury 2.0 transforms passive holders into active participants, promoting long-term commitment and fostering a more engaged and robust community.
Featured image from Dall.E, chart from TradingView.com