After a non-existent rally over the weekend, the crypto market was painted in the colors of Christmas. Shiba Inu [SHIB], in particular, recorded a 4.98 percent price drop over the last couple of days. While this came as a huge blow to the industry, the surge in the number of holders of the asset was a huge relief.
As per CoinMarketCap, the total number of unique addresses that hold assets in the Shiba Inu network was at a monthly high. It should be noted that the network began in December with just 1,253,414 holders. However, the total number of addresses that currently existed in the network was 1,272,593.
This was surprising for quite a few reasons. As mentioned earlier, the price of the asset witnessed a major plummet over the last couple of days. In addition to this, the network’s lead developer, Shytoshi Kusama shared a rather disappointing tweet about Shibarium on Christmas eve.
The Shiba Inu Army has been awaiting the launch of Shibarium, the network’s layer-2 solution. While assuring the community that it would come “very soon,” Kusama also noted that it wouldn’t be during the holiday season.
This tweet certainly could have pushed individuals to pocket the meme coin. The launch of Shibarium is expected to push the price of SHIB.
Wirex doubles down on its Shiba Inu listing
Prominent London-based Web3 application Wirex onboarded Shiba Inu earlier this year. Along with SHIB, LUNA, ATOM, BCH, ENJ, and OXT were added to the platform. Despite the asset’s plummet throughout the year, Wirex announced that it had doubled down in its support for SHIB as well as XRP.
XRP and SHIB are listed on the firm’s dual asset investment tool DUO. Users of DUO can benefit from higher interest rates on their assets. The DUOs are made up of two assets that may be exchanged with one another on an exchange. This is started with a base asset, the value of which is anticipated to decline in comparison to the value of the paired asset.