Shiba Inu (SHIB) has reached a significant milestone of 1 million with an increase in the number of investors. Moreover, the meme coin was successfully listed on a South Korean-based crypto exchange, despite strict regulatory requirements. Here are the details…
More than 1 million Shiba Inu owners
Dogecoin killer Shiba Inu crossed the 1 million mark on November 25, 2021. Also, cryptocoin.com As we reported, the meme coin has emerged as one of the most popular ERC-20 tokens among Ethereum whales. According to the data, during the SHIB price drop, whales continuously accumulated SHIB tokens. Along with the burning practice, this triggers a rally in SHIB price, reducing the circulating supply of the Shiba Inu, according to experts.
Shiba Inu price has experienced high volatility over the past two weeks, dropping more than 50 percent from its all-time high of $0.00008616. Despite the price drop, crypto investors reported an increase in interest and savings. Also, a cryptocurrency analyst “venturefounder” chose SHIB as an ideal asset for portfolio diversification.
Korbit, which also operates in South Korea, has listed the Shiba Inu despite stringent regulatory requirements on cryptocurrency exchanges in South Korea. Meme coin has now been enjoyed by more than 100,000 users on Korbit. SHIB is changing hands at $0.00003740, down 4.9 percent at the time of writing. It is trading as much as 56 percent below its all-time high.
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