Shiba Inu Coin Holders Rise Despite Sluggish Coin Prices

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Shiba Inu news

The deadly crypto carnage did not spare any coin. Sadly, Shiba Inu was among the brutally hit cryptocurrencies. Despite enduring a massive drop in its price, the holder count of SHIB was on an upward trajectory.

The crypto-verse is home to several meme coins. Yet, Shiba Inu’s popularity remains unmatched. The meme coin’s community, popularly known as the SHIB Army has managed to make sure the asset is always on top. In a similar attempt, it was discovered that the SHIB recorded a new high in terms of its holders.

WhaleStats, took to Twitter to announce that there were a total of 1,150,173 Shiba Inu holders. The tweet read,

This wasn’t the only thing that the SHIB Army was celebrating. The meme coin even bagged a spot on the prominent crypto exchange, Uphold. Just yesterday, the exchange welcomed Shiba Inu into its system. But, the altcoin wasn’t available in all regions.

It has been time and again noted that exchange listings can boost the price of certain cryptocurrencies. The latest listing, however, did not do the deed for Shiba Inu.

Shiba Inu plummets by 25%

Despite entering the market recently, Shiba Inu managed to score big. From listings to payment integrations, SHIB was found on almost every exchange and platform. While all the other assets were taking a backseat, SHIB was zooming ahead. However, now, SHIB was slowing down as the bears in its market came in strong.

During the time of writing, Shiba Inu was trading for a low of $0.00001881. Over the last 24-hours, the meme coin had dropped by 26.65%. The loss that the altcoin was enduring was comparatively higher than the other assets.

Over the last couple of months, SHIB was seen competing with its counterpart, Dogecoin with regard to market cap and ranking. But, the bear market pushed SHIB all the way down to the 16th rank. The altcoin’s market cap was at $10.45 billion.

Credit : LINK

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