In this article, you will learn about how many Shiba Inu Holders are there. Meme coins like Shiba Inu play a theme of an inside joke rather than having some utility. But they are also popular in the crypto field. Holders of Shiba Inu coins hope for the long term.
What Is Shiba Inu (SHIB)?
Shiba Inu (SHIBUSD) is an Ethereum-based altcoin (a cryptocurrency other than Bitcoin) that features the Shiba Inu—a Japanese breed of hunting dog—as its mascot. Shiba Inu is widely considered to be an alternative to Dogecoin; in fact, Proponents of Shiba Inu tout it as "the Dogecoin killer." Shiba Inu was created in August 2020 by an anonymous individual or group called Ryoshi.
How Many Shiba Inu Holders are there?
According to data from CoinMarketCap and Etherscan, the number of unique addresses holding Shiba Inu on the blockchain has grown from around 1.227 million a month ago to over .128 million at the time of writing. The figures show SHIB has been adding well over 1.500 new holders per day.
The number of SHIB holders has been growing even at a time in which the meme-inspired cryptocurrency's price has been plunged along with that of other leading digital currencies, affected by the collapse of FTX, which hit investor confidence. Over the past 30 days, SHIB is down over 17%.
Over the same period, BTC's price dropped roughly 17.7%, while the price of the second-largest cryptocurrency by market capitalization, Ethereum ($ETH), dropped 16.2%. The cryptocurrency space's total market capitalization has dropped over the same period $12 billion.
A Reward System for Shiba Inu Holders
Notably, Shiba Inu investors have shown they aren't planning on selling en masse, as the median time that users on Coinbase hold onto the meme-inspired cryptocurrency before either selling it or moving it to an external address has surpassed the 200-day mark .
Shiba Inu has started to make its moves into the metaverse by offering digital land in the metaverse, It also announced its LEASH Tokens. As per an official post by Shiba Inu, the holders of the currency will soon be able to experience the rewards from recent sales.
Shiba Inu To Become The Most Admired Altcoin?
With the introduction of Shib Metaverse, Shiba Inu has started to make moves by offering digital land plots in the digital realm. It also made the announcement to unleash the token LEASH.
As the competition has been growing lately in the metaverse, one of the most robust contenders of Shiba Inu in the digital realms has also taken mammoth steps to become dominant in the metaverse.
In the recent blog post by Shiba Inu, more details regarding its metaverse project were unveiled, which includes 100.595 digital land plots, a handful of which will stay private.
The Shiba Inu team also declared a 3% BONE distribution to the holders who will take part in locking the LEASH tokens. The holders will have to wait for 90 days after locking their tokens before receiving the rewards, starting July 2 2022.
Bottom Line
Crypto holders sometimes get rewards from the crypto firms and this makes them hold the coins for the long term. This article supports information about Shiba Inu holders and how many Shiba Inu Holders are there.
