Shiba Inu Now Has More Than 1.2 Million Holding Addresses

Despite the current tension, interest in Shiba Inu (SHIB) seems to have not stopped, statistics from CoinMarketCap data show that there were more than 20,000 new addresses holding SHIB in the past month.

Shiba Inu Now Has More Than 1.2 Million Holding Addresses 5

During the past month, SHIB has attracted more than 20,000 new investors. According to CoinMarketCap, there were 1,178,157 SHIB holders on June 12, as of July 12, that number has become 1,200,270, an increase of 22,113 holders.

The total number of addresses holding Shiba Inu. Source: CoinMarketCap

Previously, this meme coin also witnessed outstanding growth at the end of last month. According to statistics from global data intelligence firm Morning Consult, Shiba Inu along with Dogecoin remain among the most popular cryptocurrencies in the US.

According to on-chain data, a whale bought the dip of 20,000 billion SHIB (equivalent to $210 million) on July 4 prior to the release of the Shibarium. This wallet address is said to have sold off XRP to pour money into SHIB. Immediately, this meme coin surged by nearly 21%.

Shiba Inu Now Has More Than 1.2 Million Holding Addresses 6

At the time of writing, SHIB is trading at $0.00001028, down 6.12% in the past 24 hours because Bitcoin failed to hold the $20,000 price zone.

SHIB daily chart. Source: CoinCu

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.