Shiba Inu Breaks Record Number Of Holders: The Top Dog?

Paigambar Mohan Raj
Source: Pexels

There’s no stopping Shiba Inu. The crypto community, in general, has already accepted the popular memecoin as a worthy adversary to many big players in the space. The Shiba Inu community, or Shib Army, has never missed an opportunity to shower support and love to the token.

Shiba Inu breaks its record

In a recent revelation, as per the data by Whalestats, Shiba Inu broke its record in a number of holders, to reach a total of 1,185,135 holders. This is a significant development for the coin. In these turbulent times, with the market on a nosedive, this development sure brings confidence to the community.

Additionally, the top 1000 Ethereum Whales are currently holding 13,845,082,253,056 SHIB among themselves, worth an incredible $2,291,902,599 USD. While many new and small investors are selling in a state of panic, the whales are hodling away with their tokens. This is an important characteristic to develop for all new investors, to not sell in a state of panic. Whale’s only used this as an opportunity to buy more tokens, with the dip in price.

Other developments with SHIB

Of late, Shiba Inu has been seeing a lot of expansion and adoption. There has been a push on social media for Champion Sportswear to collaborate with the popular token. An online petition has been making the rounds in the crypto community.

Moreover, Quincy University, an Illinois-based private Franciscan university, has begun taking cryptocurrency donations. It has stated that it will accept Shiba Inu (SHIB), along with 31 other coins, such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tron (TRX), Dogecoin (DOGE), etc.

In a statement, Matt Bergman, senior director of advancement at Quincy University, emphasized the cryptocurrency industry’s explosive expansion, saying that it will not slow down “anytime soon.”

Although the market is in a downtrend at the moment, the Shiba Inu community is hard at work trying to get their favorite token listed and accepted on as many platforms as possible. And we have already seen what the Shib Army is capable of, once they pool in their resources together.

At the time of publication, SHIB was trading at $0.00002402, down 11.9%.