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.
? New Record: $SHIB reaches an astonishing 1,160,000+ holders.
Current Holder Count: 1,160,123
? The top 1000 ETH wallets are holding 55,732,495,492,864 $SHIB ($1,202,858,432 USD)
Source: https://t.co/keN3btSnKj#SHIB #ShibArmy
— WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) January 27, 2022
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.