Number of Shiba Inu (SHIB) holders hits new highs despite price drop

As reported by WhaleStats, the number of Shiba Inu holders reached a whopping 1,150,173, hitting new record highs. The cryptocurrency market succumbed to widespread selling pressure as Bitcoin and altcoins pared off the gains accumulated in the prior day. Shiba Inu’s price is trading down 7.45% in the last 24 hours at a present price of $0.0000258, according to CoinMarketCap data.

On Jan. 18, U.Today reported the growth of SHIB holders at 1,145,212. The recent increment suggests a growing community, a healthy sign. Although the growth in holders might not necessarily impact the price in the near term, it may signify interest in a token over time.

SHIB, however, continues to be a popular token with Ethereum whales. According to WhaleStats, the top 1,000 ETH whales own 51,383,815,397,632 SHIB, or $1,461,726,189 worth.

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