Shiba Inu altered the outlook for the meme coin (SHIB). Due to the numerous alliances and a sizable community, the asset rose to the top. The network has stayed up to date with pertinent events. Despite growing community and partner interest, it has been difficult for the price of SHIB to increase.
The catastrophic fall of FTX greatly contributed to the market’s decline. The declining value of the assets meant that even those who had them in their possession were losing money.
On November 17, 2022, the number of holders reached an all-time high. However, the holder count has drastically decreased, according to recent data from Etherscan.
Shiba Inu holder count drops
The current number of Shiba Inu holders, according to Etherscan data, is 1,251,127. This is comparatively 20,000 lesser than wh when it was 1,272,067 on November 17.
This might be mainly the result of investors liquidating their SHIB during the market’s collapse. At the time of publication, SHIB’s price was $0.000009236, with no notable changes over the previous 24 hours.
The number of SHIB holders is, however, significantly higher than it was the previous year. This is mainly because the Shiba Inu team is working on so many developments for the community.
In other SHIB news, according to information provided by the Etherscan tracker, a significant amount of Shiba Inu was moved to a new cryptocurrency wallet yesterday. This might be a sign of a brand-new cryptocurrency whale. According to the SHIB lump they received and the current SHIB/USD exchange rate, it is worth $11,913,603. The Shiba Inu meme coins in the sender’s wallet are now gone. The whale then moved 648 million in two transactions 7 hrs ago to two different wallets.
Recently, Bitcastle, another cryptocurrency trading platform, listed SHIB, the second-most popular meme coin. The exchange advertises generous SHIB giveaways as a way to entice users to sign up.
Prior to that offering, the Japanese exchange BITPoint also added SHIB support. But after that, the SHIB army tweeted the Fidelity Investments company’s account to ask that it add the dog token as well. The vague response that Fidelity hoped to broaden its crypto offering beyond Bitcoin and Ethereum in the near future was received by the Shib army.