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Number of Shiba Inu Addresses Hits a New Record High

ByLouis Adams

Dec 15, 2022 #Altcoins
Reading time: < 1 minute

Meme crypto Shiba Inu currently ranks 16th in the ranking of the largest digital currencies.

According to Glassnode, its price fell to December 14 to $0.000009139 and the coin has been losing value since the end of May, when it was trading at $0.000014. However, the popularity of the token has been increasing in recent months.

The researchers of the analytical company have found that the number of SHIB-related addresses exceeded 3 million in early December.

Besides, the number of holders of the crypto is growing, despite the fall in its value. On the contrary, buying activity has increased during each token correction.

In annual terms, the number of SHIB wallets has increased by 35%.