Shiba Inu gained a larger-than-life fan following after its stellar 85,000,000% (85 million percent) surge in 2020-21. SHIB boasted a sea of fanfare with the community brimming with optimism after the price rise. It added millions of new and first-time investors into its fold, while traders found a new alternative token to Dogecoin.
The investments came from all over the world, including developed, developing, and underdeveloped nations. Traders from these countries wanted to taste its success and took an entry position, hoping to turn millionaires. While some early investors did make millions, the others sold early and jumped ship. The latecomers are now holding the bags, which are getting lighter every day.
Also Read: Does Shiba Inu Have A Better Ecosystem Than Dogecoin?
List of Countries That Hold Shiba Inu (SHIB)
India tops the list in the highest number of Shiba Inu token holders in the world. The US is second in line, while Indonesia comes third. WazirX, India’s largest cryptocurrency exchange, confirmed in 2024 that SHIB remains the most traded token on the platform. When the exchange launched SHIB trading in May 2021, the platform crashed due to an influx of traders taking an entry position. This was at the peak of its fame, when every trader wanted to hold the token in their portfolio.
However, the tables have turned now, with no new investments being directed into Shiba Inu. The investors who took an entry position back then are still holding on to SHIB with losses. The meme currency has seen a steep decline with no sign of a recovery. Even traders who purchased the dip over the years are also at a loss. The dog-themed token is yet to bottom out in price, and nobody knows where the end of the barrel is. Buying SHIB now is as risky as playing with fire, as it can burn an investor’s portfolio.