Famous meme coin that joined the caravan of negatively affected coins after the collapse of the Terra LUNA network Shiba Inu (SHIB)Despite the 30% price decrease, it still continues to increase its participants.
So much so that the sensational meme coin has gained 15,000 new holders in just 1 week.
For a period of time not falling from the agenda and Elon Musk’s tweets The interest in the Shiba Inu (SHIB), which has a wide audience thanks to
On May 10, the number of Shiba Inu owners was 1,146,848, while on May 16, the number reached 1,161,805.
On the other hand, SHIB, which has 1,132,280 owners as of April 17, added about 30,000 new owners in the last month alone. The most logical explanation for this is that the number of people who want to buy the asset increases as prices fall.
Number of Participants Increases, But Price Decreases
The declines in price and market capitalization for SHIB have been drastic despite all this increase in participant numbers. And these declines have become even more pronounced lately as a result of the overall negative market attitude. As a matter of fact, SHIB, which ranks 15th among the most valuable coins according to CoinMarketCap data, has fallen by 52.83% since April 16.
When we look at the big Ethereum whales, it is seen that the demand for SHIB is increasing and the big whales are investing at low prices, especially with the recent declines.