SHIB flashes green on Monday, adding almost 40,000 new holders in 10 days

SHIB adds $27 billion to its market cap in a week gaining 164%
12 months ago
2 mins read

Shiba Inu (SHIB), a decentralized meme currency, was back trading in the green on Monday, as retail demand for the token asset remains at large.

Indeed, amid an impressive recent performance, the token competitor to Dogecoin (DOGE) has gained almost over 40,000 new holders in only ten days, according to data presented by Finbold.

Previously, our report from October 8, 2021, showed that there were 699,971 Shiba Inu owners. As of October 18, 2021, there are 738,483 meme token holders, indicating a rise of 38,512 new holders at the time of publishing.

Shiba Inu holders October 18, 2021: Source:Etherscan.io

SHIB price

Currently, the token is now trading at $0.00002758, up 7.41% in 24 hours and up just 0.7% in the last week, with a market capitalization of $10.8 billion, according to CoinMarketCap.com statistics.

Shiba Inu market cap October 18, 2021: Source: CoinMarketCap.com

Notably, the price of SHIB rose sharply in the early hours of Monday, pushing its market capitalization back over $11 billion before settling back into its current trading range.

Interestingly, SHIBA’s value has skyrocketed in the past 30 days; it began trading at $0.000008 and has now risen to $0.000027, a massive increase from its previous level.

Shiba Inu 30 day price chart: Source: CoinMarketCap.com

It’s worth mentioning that a wallet tracking system on September 30 recorded a whale purchase of more than 6 trillion SHIB, just a few days before the cryptocurrency’s price began to rise at the start of October.

Finally, it was reported that a SHIB whale purchased 6,178,758,122,373 SHIB ($43,838,916), then on October 2, the same whale purchased 116 billion coins, then 159 billion coins, and finally, 1 billion SHIB coins, all within a few hours of one another, totaling 276 billion SHIB.

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Jordan Major

Jordan is an investor and market analyst. He's passionate about stocks, ETFs, blockchain, and digital assets. At Finbold.com, he delves into the technicalities to obtain future trends for new market traders and gives insights into user-friendly platforms for beginners.