- 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 passed six months. Data from Coinbase’s pricing page showed that Shiba Inu investors on the NASDAQ-listed cryptocurrency exchange held their SHIB tokens for 183 days.
This period exceeded the average holding time for other major digital assets such as Solana (SOL), Bitcoin (BTC), Cardano (ADA) and Ethereum (ETH). According to observations from the cryptocurrency exchange, a long waiting period suggests an accumulation trend. Conversely, a short wait time indicates an increase in the token sale or transfer. Since Coinbase introduced the wait time feature on its platform, SHIB’s average wait time has increased, according to data from Gfinity eSports.
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Coinbase’s pricing 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 of it as others move their tokens. It is important to note that Shiba Inu’s trading activity on Coinbase is only a small part of its total trading activity. The meme-inspired token is listed on other major cryptocurrency trading platforms, including Binance.
Strengthen despite the departure of the founder
Four months ago, the anonymous creator of Shiba Inu deleted all 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 their tokens.
Since the founder’s departure, the SHIB community and developers have been responsible for running the platform’s affairs. They are developing new solutions which they intend to launch soon. SHIB: 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 level 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 begun 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. SHIB developers released a preview of Shiba Eternity during gameplay following an announcement from Shiba Inu Project Manager Shytoshi Kusama.
Kusama previously announced that Vietnamese players with iOS devices have had access to the trial version of the game and the test has been passed. Kusama also suggested various ideas to the SHIB community regarding Shiba Eternity. One of his suggestions was Shiba Eternity tournaments, with the tournament winners rewarding anything related to the SHIB ecosystem, such as SHIB tokens, bones or NFTs. Many SHIB holders agreed that the Kusama tournament idea was a great one and supported it.