The number of Shiba Inu holders dropped by 55 000 in ten days

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According to IntoTheBlock, SHIB is in a “bearish red zone”

The number of Shiba Inu holders dropped by 55 000 in ten days

26.03.2022 - 10:30

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According to IntoTheBlock, SHIB is in a “bearish red zone.”

What’s new? The Shiba Inu (SHIBA) meme cryptocurrency has lost more than 55 000 token holders in the past ten days. According to CoinMarketCap, their number dropped from 1 198 789 to 1 144 118 between March 15 and 25.

Source: Сoinmarketcap.com

How did events develop? The number of unique addresses on the network was increased until March 15, but in one day the project has dramatically lost 32 832 holders (2,74%). The decrease in the number of SHIB holders coincided with a decline in the number of transactions on the network. From January to February the figure fell by 9,27%.

Also, according to IntoTheBlock, the SHIB token is in the bearish red zone, which means a possible long-term decline of the coin.

Source: Intotheblock.com

Previously, an unknown bought 3,9 trillion SHIB for a total of $97 million. Also, the developers of Shiba Inu announced the launch of DoggyDAO.

Author:

Editorial GetBlock Magazine

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