A massive ratio of 64% of respondents reveals that holders are still diamond-handling Shiba Inu (SHIB).
Shiba Inu (SHIB) is securing the spotlight as the most popular meme coin amongst crypto proponents, as evidenced by an increasing rate of whale accumulation and a recent survey that shows that most meme investment advocates are still holding their SHIB bags despite the market-wide turmoils.
The survey was recently conducted by the independent crypto media publication CoinTelegraph. The media outlet had asked its 1.8 million Twitter followers to select the meme investment asset they are still diamond handling amid the prevalent bear market within the crypto and stock markets.
Options on the Twitter poll included meme stocks AMC Entertainment (AMC) and GameStop (GME) and meme coins Dogecoin (DOGE) and Shiba Inu (SHIB). Out of 4,091 respondents, over 2,600 participants, representing 64%, disclosed that they still hold their SHIB bags. Fellow meme crypto asset DOGE came second, with 28%. Meme stocks AMC and GME secured third and fourth positions with 5% and 4%, respectively.
Which meme investment are you still diamond handing?
— Cointelegraph (@Cointelegraph) December 20, 2022
The comment section was littered with numerous responses showing support for SHIB – indicating the asset’s massive popularity. Others seized the opportunity to mention Shiba Inu’s governance token Bone ShibaSwap (BONE) as another asset they are holding.
Shiba Inu’s Growing Popularity
On December 24, 2021, crypto’s most-referenced price-tracking platform CoinMarketCap released its list of most viewed assets for 2021, with SHIB sitting comfortably on the top spot, having 188M views which represents 43 million more views than the firstborn crypto Bitcoin (BTC), with 145M views, securing second. SHIB has only grown more in popularity since then.
On December 19, Binance, the world’s largest exchange, ranked SHIB amongst its top 3 most watched assets for this year, alongside BTC and ETH. Additionally, The Crypto Basic noted that at least 1.8 million CMC users have SHIB on their watchlist.
Meanwhile, amidst this surge in popularity, whales have not only held on to their assets but also taken to accumulating more SHIB tokens in an elaborate buy-the-dip frenzy. This week, the 7th biggest SHIB whale added more tokens to their bag without selling off any. Moreover, despite the bear market, investors who bought SHIB before April of last year still see at least 13,700+ profit on their investments if they are still holding.