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Shiba Inu Surpasses 1 Million Holders, SHIB Pumps in Response

Meme coin Shiba Inu, which has been criticized by many for having no utility, has reached a milestone that very few projects can boast of achieving.

According to the official Certik audit posted on the Shiba Inu website, there are now over 1,000,000 wallets holding SHIB. In a tweet, Shiba Inu celebrated the Shiba Army.

At the time of this writing, there are 1,004,380 Shiba Inu holders.

SHIBA Jumps by 33%

Following the announcement that Shiba had crossed the 1 million holders milestone, SHIB began to rally. By the end of Thursday, November 25th, SHIB had gained more than 33% in value. As a result, the price of SHIB shot up from $0.00003602 to as high as $0.00004996.

The price chart for Shiba Inu (SHIB) between November 24th and November 25th. Source: Tradingview

On the Flipside

  • Following the price pump, SHIB has been experiencing a sharp retracement. Over the last 24 hours, the price of SHIB has dropped by more than 13%.
  • SHIB is now trading at $0.00003871 as of this writing, and is now 56% down from its all-time high of $0.00008845 recorded on October 28th.

The 24 hour price chart for Shiba Inu (SHIB). Source: Tradingview

Why You Should Care

Shiba Inu has continued to defy public opinion around the project, with the strong community behind Shiba Inu (SHIB) being the sole reason for the growth of SHIB

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    This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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    Author

    Milko Trajcevski has been in the crypto world for years, and as such has gathered both a skill for writing as well as a native prowess when it comes to understanding everything that occurs within that world. Through skilled writing and determination, he covers articles about cryptocurrency, tokens, blockchain, crypto-asset regulations, crypto wallets, exchanges, liquidity, DApps, forks, mining, security, and blockchain technologies. He is a professional with a track record of proven expertise within the crypto space.