Shiba Inu (SHIB) adds over 100,000 new holders in three months

Shiba Inu (SHIB) adds over 100,000 new holders in three months
9 months ago
2 mins read

The new findings presented by Finbold reveal that Shiba Inu (SHIB) added over 100,000 new holders to its decentralized meme token in just three months.

By way of explanation, on June 21, there were 536,300 holders of the meme token, according to Etherscan.io when using a web.archive.com tool for historical data.

Shiba Inu holders June 21, 2021: Source:Etherscan.io; web.archive.com

Compared to the figures from Tuesday, September 21, there are 668,810 SHIB holders, representing an increase of 132,310 new holders at the time of publication.

Shiba Inu holders September 21, 2021: Source:Etherscan.io

Furthermore, the asset on June 21 had a fully-diluted market cap (FDMC) of $6.82 billion, whereas, on September 21, it had an FDMC of $7.11 billion; thus, SHIB printed a total of $290 million in three months with $3.2 million printed daily in tokens.

Coinbase listing

Numerous small-scale investors appear to have been drawn in by the inexpensive cost. As early as September 9, 2021, investors were able to be SHIB millionaires for as much as $7, with $1 buying 146,000 coins of the dog-inspired cryptocurrency at the time.

However, since Shiba Inu´s listing on Coinbase on September 16, the price has surged dramatically, with $870 million pumped into the token in just 24 hours. 

Following the recent growth in popularity, the Shiba Inu Twitter account tweeted on Monday, September 20, to announce that the account has reached 900,000 followers

Meaning, the meme coin has surpassed long-standing projects like Litecoin (768.2K followers), the renowned DeFi exchange Uniswap (631K followers), and even Solana (622.8K followers) in terms of followers due to a massive rise in social media popularity.

Shiba price

The token competitor to Dogecoin (DOGE), which has a Shiba Inu as its mascot, is now trading at $0.000007231, up 0.55% in 24 hours and 9.98% in the last week, with a market capitalization of $2.86 billion, according to CoinMarketCap.com statistics.

Shib Inu 7-day price chart. Source: CoinMarketCap.com

Given the bearish crypto trend over the weekend, the meme currency may recover, causing other cryptocurrencies to do the same. As a result, there is reason to anticipate that prices may climb before testing the retracement level at $0.00000963.

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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.