Shiba Inu Holder Count Drops by 2,500 Amid Prolonged Volatility

As Shiba Inu continues to pull weak price performances amid the broad crypto market volatility, it appears that its holder count is beginning to suffer as a result. While momentum has slowed significantly, the number of non-empty wallets holding SHIB has also reduced substantially, yet it is still close to achieving its 1.7 million target. Latest data from Etherscan shows that Shiba Inu has recorded a substantial decline in its holder count as nearly 2,500 wallet addresses holding the meme coin disappeared between October 27 and 28. Nonetheless, the trend reversed after the massive decrease seen over those two days, as the number of holders on the network has since resumed its upward trend, suggesting that the recent decline may have been temporary.

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