The two leading meme coins Dogecoin DOGE/USD and Shiba Inu SHIB/USD have recorded monthly gains of 109% and 238%, respectively. However, their gains pale in comparison to other dog coins, frog coins or cat coins.

Here’s why: Shiba Inu’s long-term holder addresses dropped from 1.03 million on Feb. 29 to 1.01 million on March 13 — a significant decrease of 20,000, according to Crypto News citing IntoTheBlock data.

Many long-term SHIB holders took advantage of the rally from February to early March. Shiba Inu has dropped to the 11th position on the top cryptocurrency board due to the recent price drop and the Avalanche price rally.

The Shiba Inu burn rate (-96%) has not made significant…

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