Holders of Shiba Inu cross 11 lakh 90 thousand, also beat USDC in top holdings

There is a good news for Shiba Inu fans. The number of holders of MIME tokens is continuously increasing. Holders of Shiba Inu have crossed the figure of 11 lakh 90 thousand. Soon their number will cross 12 lakhs. The increasing number of holders of the token suggests that investor interest is increasing in spite of the falling price, which can be considered a good sign for the future of the token.

Shibainuart, a Twitter account associated with the Shiba Inu community, has given the number of Shiba Inu holders through a post. According to Shibainuart at the time of writing the news, SHIB holders had crossed the number of 11 lakh 91 thousand 766. That is, the number of current holders of Shiba Inu is close to 12 lakhs. The number of its holders is increasing rapidly.

Talking about the price of Shiba Inu, it is currently trading at Rs.0.000790. Its price has not seen any movement in the last 24 hours and has remained stable. The increasing number of holders here cannot be considered a guarantee of an increase in the price, but it can be said that the increase in the holders indicates a good future for this meme token. The price of the Shiba Inu was at its peak in October 2021, when it was trading at $0.000088. It is currently trading 89 percent below its all-time high.

Market experts believe that currently the prices of all the tokens have fallen drastically. This is the point where a major change in prices is most likely to occur, ie the price will start to move up, but when this change will start is not yet known for certain. Another big achievement for the Shiba Inu is that the token has established itself as the largest holding for the top 100 Ethereum whales and has even surpassed the stablecoin USDC here. Now these top whales have Shiba Inu coins worth around $52 million, which is 16.24% of their holdings.

The price of the Shiba Inu may be nearing its lows currently, but the token’s popularity among investors is showing signs of increasing. The burning rate of the token is also very high, and its price may soon bring good news for investors.

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