Meme coin, Shiba Inu, which has been criticized by many for having no utility, has reached a milestone that very few projects 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.
Such a proud, and amazing milestone for the #ShibArmy!$SHIB reaches 1,000,000 holders.Today we all cheer, and celebrate this great moment in SHIB's history.#1MFRIENDSHIBS #SHIB pic.twitter.com/T1UtMRdQ7r— Shib (@Shibtoken) November 25, 2021
At the time of this writing, there are 1,004,380 holders of Shiba Inu.
SHIBA Jumps By 33%
After the announcement that Shiba had crossed 1 million holders, SHIB began to rally. By the end of Thursday, November 25, SHIB had gained more than 33%. As a result, the price of SHIB shot up from $0.00003602 to as high as $0.00004996.
The price chart of Shiba Inu (SHIB) between November 24 and November 25. Source: Tradingview
On The Flipside
- Following the price pump, SHIB is undergoing a sharp retracement. In the last 24 hours, the price of SHIB has dropped by more than 13%
- SHIB now trades at $0.00003871. It is now 56% down from its all-time high of $0.00008845 recorded on October 28
The 24 hours price chart of Shiba Inu (SHIB). Source: Tradingview
Why You Should Care?
Shiba Inu has continued to defy public opinion about the project. The strong community behind Shiba Inu (SHIB) is the sole reason behind the growth of SHIB
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