The number of SHIB holders has decreased in the last three days, and the value of Shiba Inu has dropped by 17% in the last month

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The number of SHIB holders has decreased in the last three days, and the value of Shiba Inu has dropped by 17% in the last month

The number of SHIB holders has decreased in the last three days, and the value of Shiba Inu has dropped by 17% in the last month
Source: BitcoinCom
1648054506 23 Mar / 16:55

While most digital currencies have increased in value during the last month, the meme token shiba inu has lost more than 17% in that time. Despite the fact that shiba inu is down 72 percent from its all-time high, the crypto asset is still up 37,130 percent against the US dollar in the previous year. However, in the last five days, the number of shiba inu owners has decreased by 3.55 percent, from 1.19 million to 1.15 million. The meme coin economy has lost a lot of value in the last six months, therefore interest in meme tokens is fading.

The meme currency ecosystem is worth $30.2 billion at the time of writing, with dogecoin (DOGE) and shiba inu accounting for the vast majority of that value (SHIB). Both of the top meme coin assets had a fantastic year in terms of market success, but SHIB and DOGE have been losing value in recent months.

Shiba inu (SHIB) has down 5% in the last two weeks and has dropped over 17% in the last 30 days.

Furthermore, according to statistics, the number of SHIB holders is substantially lower today than it was five days ago, with 3.55 percent of SHIB investors leaving the meme coin’s ecosystem. Since March 15, 2022, according to metrics from and, the number of SHIB holders has decreased. Since then, the number of SHIB (unique address) holders has decreased from 1.19 million to 1.15 million. It’s not the first time the number of SHIB holders has declined, as it did on January 27, but has since regained pace and continues to rise.

In the previous 24 hours, 14,645 of the 1.15 million SHIB addresses have been active. The shiba inu (SHIB) has a strong concentration of large holders (whale count) with a score of 80%, according to data from metrics. In comparison, the number of whales in the leading crypto asset bitcoin (BTC) is substantially lower, with BTC scoring 11 percent in terms of the cryptocurrency’s concentration of huge holders. According to current statistics, the top 10 wealthiest SHIB addresses possess 64.43 percent of the total shiba inu token supply.

The top 20 wealthiest SHIB addresses command 71.72 percent of the total SHIB supply, while the top 50 wealthiest addresses command 78.59 percent. To demonstrate the gap between two crypto currencies, bitcoin’s richest ten addresses own 5.59 percent of the total supply, while the top 50 addresses own only 11.40 percent. Only 40% of SHIB holders have profited at the present price level, despite the fact that SHIB has gained 37,130 percent versus the US dollar in a year.

SHIB customers that transacted $100K or more in shiba inu traded $516.49 million worth of SHIB in the last seven days. SHIB is also heavily invested in the stablecoin tether (USDT), with the stablecoin accounting for 61.39 percent of SHIB’s 24-hour trades. USDT is followed by USD (19.98%), BUSD (9.52%), TRY (6.75%), and DOGE (0.62% ). Binance, Hitbtc, Digifinex, Kucoin, Huobi, and are the top six most active SHIB exchanges.

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