Addresses Holding Shiba Inu (SHIB) Exceed 1 Million

Addresses Holding Shiba Inu (SHIB) Exceed 1 Million

Addresses holding SHIB exceed 1M despite the price drop.

The increase in the number of addresses holding the phenomenon cryptocurrency Shiba Inu, which entered into a tremendous upward movement from September to the end of October and reached the highest level in its history in this period, draws attention despite the price decrease. According to the research conducted by the crypto money security firm CertiK, the number of Ethereum addresses with SHIB has exceeded 1 million 50 thousand.

The investors of Shiba Inu, which is a phenomenon inspired by Dogecoin and surpassed it in the ranking of the largest cryptocurrencies for a while, continue to increase day by day despite the price decrease. The increase in the number of wallets with SHIB, which reached its peak at $0.000086 at the end of October and has a serious investor base from Turkey, did not go unnoticed.

According to the figures of the crypto security firm CertiK; The number of Ethereum wallets with SHIB in them exceeded 1.05 million and daily between 30 thousand and 40 thousand new users join this group.

The largest investor group owns 64%!

One of the biggest criticisms of the Shiba Inu, the fact that whales hold SHIB to a large extent, has once again been revealed by CertiK figures. According to the report, the top 10 SHIB wallets have 64% of the total supply. As is known, this control of the whales over the SHIB creates fears that the price will collapse seriously in the event of a selling wave.

Crypto analytics firm Santiment also shared in a memo it shared last month that there was an increase in price after whales made transactions worth over $100,000.

There is also a significant amount of SHIB on exchanges.

It is worth noting that the figures in CertiK’s report only cover the Ethereum blockchain, so they do not include individual users. According to experts, the SHIB investor also holds a significant amount of funds in the stock markets. As it is known, besides BtcTurk and Paribu from Turkey, world stock markets such as Binance, Coinbase, Huobi, and FTX have also listed the phenomenon of crypto money.

Shiba Inu, who made ATH on October 28, later experienced a decrease, and this withdrawal accelerated with the decrease in Bitcoin in the last 1 week. The phenomenon coin, which is currently in 11th place in the ranking of the largest cryptocurrencies, is trading at $0.00003783.

SEE ALSO: What Is Stellar (XLM)? Where to Buy It?

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