Shiba Inu (SHIB) Although the number of investors has been steadily rising for the last three months, today the world’s second largest meme coin has taken a big surprise, losing 30,000 investors in a single day.
The Number of Shiba Inu Investors Has Dropped
The number of wallet addresses containing SHIB has been steadily increasing on the network for the past three months. However, according to data as of March 17, 32,832 investors were lost.
According to Coin Market Cap data, while the total number of Shiba Inu investors was 1,199,453 on March 16, this number decreased to 1,166,621 on March 17 after the decline.
Interestingly, this decrease in the total number of investors also made itself felt in the total number of transactions on the network. Some users say that the reason for the decrease in the total number of investors is the newcomer to the market from the Shiba Inu, which has not been performing very well recently. to altcoin ApeCoin He claimed there were transitions.
However, according to data from early March, on-chain transactions of the SHIB token showed a downward trend for the fourth consecutive month. On-chain transactions, which were 283,268 in January, dropped 9.27% to 257,003.
Declining Interest in SHIB in Online Searches, too
It is observed that there is a decrease in the amount of “buy SHIB” searches on Google. According to the data provided by Google Trends on November 30, 2021, the interest, which was 100, decreased to only 3 on February 28.
*Not investment advice.