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Number of Shiba Inu Holders Reached New ATH, SHIB Flipped FTX To Become Biggest Token Position By Dollar Value Among Top 1000 ETH wallets

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Shiba Inu (SHIB) has continued to gain widespread adoption, as the number of unique addresses holding the popular meme cryptocurrency has reached a new all-time high (ATH).


 

According to data published by WhaleStats, a blockchain analytics platform, the number of Shiba Inu holders surged to an all-time high of 1,160,123, surpassing the previous ATH of 1,145,212 set two weeks ago. 

 

Aside from the surge in the number of Shiba Inu holders, WhaleStats also noted that the amount of SHIB held by the top 1,000 Ethereum wallets has also increased. 

The top 1,000 Ethereum wallets hold a combined 55,732,495,492,864 SHIB (55 Trillion), currently worth $1.15 billion. 

The new ATH of shib wallet holding indicates that traders buy shib dips. The expansion of holders is a good sign; it reflects that investors trust the coins, and as prices fall, they take entries counting on the project, its team, and future goals.

In the early hours of today, WhaleStats reported that SHIB flipped FTX token (FTT) to become the biggest token position by the United States Dollar value with a total holding value of $1,67 billion. 

However, at press time, FTT had reclaimed its position as the biggest token by dollar value after the top 1,000 Ethereum wallets holding SHIB valuation dipped to $1.23 billion.

Massive Shiba Inu Adoption 

Recent developments indicate that the SHIB community has recorded significant growth, especially during the recent market crash.  

Shiba Inu has helped early traders record significant gains since its launch in 2020. Those who missed out on the massive opportunity to acquire the token when it was relatively cheap took advantage of the recent price dip. 

Two days ago, crypto whales took advantage of the market crash to purchase 3.6 trillion Shiba Inu tokens, which were worth $73.4 million at the time. 

Despite launching as a meme cryptocurrency, an internet joke, the token has been adopted for various purposes, including its use in payment. 

Meanwhile, SHIB holders can now make purchases on the e-commerce platform Amazon using their BitPay wallet. 

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Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

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