Shiba Inu Doesn’t Stop in Collapse: Celebrity Enters Stock Market!

The January 22 drop, which wiped out $3,000 from the Bitcoin price, deepened up to 20% in Shiba Inu. The meme token has lost more than 30% compared to last week. The positive news is that Uphold has announced that it will list SHIB. On the other hand, the community is rapidly continuing their token destruction, and with its almost unlimited supply, the Shiba Inu has reached more than 1 million wallets, strengthening its claims to be “people’s money”. In this article, let’s take a look at Shiba’s latest list and examine its network metrics.

Shiba Inu is listed on the Uphold exchange

Rated through the regulatory lens, crypto exchange Uphold is growing its crypto list in line with the growth of the industry. According to information shared by the exchange on Twitter, the meme-based crypto Shiba Inu (SHIB) is now on the list. The exchange adds that the meme token is available for trading in certain regions.

The Uphold listing follows the recent rise in popularity of SHIB, which has led to the expectation of a rise in the value of the meme token. However, like the general cryptocurrency market, SHIB is going through volatile days. cryptocoin.com As we reported, the price is still on the decline despite the burning of 410,301,297,677.661 tokens, which account for 41% of the one quadrillion Shiba supply. Notably, the listings are expected to stimulate the growth of SHIB as it will reach more users.

Shiba reaches over 1 million wallets

The last high-profile exchange to list SHIB was Kraken. Also, SHIB supporters continue to argue that the token will be listed on the Robinhood exchange. Despite the highly volatile price movements, SHIB has reached over 1 million wallets. As of January 13, 2021, the meme token has moved to at least 2,400 new wallets per day. By its nature, it is the support of its community that makes SHIB popular.

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