A meme cryptocurrency took a huge price hike today as a result of the project reaching a record number of token holders. meme cryptocurrency Shiba Inu (SHIB), having seen a price increase of over 20 percent in the last 24 hours, rose to $0.000044 today.
The price increase coincided with the announcement earlier today by the official Shiba Inu Twitter account that the number of SHIB owners had reached a record high.
“This is a very proud and surprising milestone for the ShibArmy. SHIB has reached one million holders.
Today we all joyfully celebrate this wonderful moment in SHIB’s history.”
— Shib (@Shibtoken) November 25, 2021
Aside from the one million milestone announced earlier today, November has been a busy month for the Shiba Inu cryptocurrency.
Shiba Inu Makes Headlines Again
The Shiba Inu has not lost its headlines to any cryptocurrency in recent weeks. Shiba continued to see a surge in stock market listings throughout November. The meme coin, which is listed on major exchanges like Gemini, started trading in South Korea for the first time yesterday evening. SHIB was also listed on Coinbase in September before it started trading on Gemini.
While its Dogecoin rival is still significantly below the record level reached at the end of October, ShibArmy still has a lot to say about the cryptocurrency’s success.
The Shiba Inu has risen over 500 percent since early October after posting dazzling returns earlier this year, hitting an all-time high of $0.00008616 on October 28, 2021.
Moreover, SHIB even briefly outperformed its flagship meme cryptocurrency, Dogecoin, by total market capitalization multiple times between October and this month.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.