SHIB loses over 20,000 holders in a week as demand for meme coin slumps
Meme cryptocurrency Shiba Inu (SHIB) is still reeling from the general crypto market volatility, with the coin losing a significant share of its holders in less than a week. At some point, the holders dropped by 23,576 in just a day between June 3 and June 4.
As of June 2, the total number of unique addresses that hold SHIB stood at 1,198,22, while on June 8, the figure dropped to 1,176,715, translating to a loss of 21,507 holders in under a week, according to CoinMarketCap data. Notably, before the drop, SHIB holders have been steadily rising in correlation with the increasing network activity. The gains emerged despite the token trending downwards pattern for the better part of 2022.
Source
@Doge_ShibaInu
