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Altcoins & DeFi

Shiba Inu (SHIB) Holder Count Surges Amid Severe Price Correction

Image: U.Today

The leading meme-based crypto asset, Shiba Inu, has continued to face a severe price drop amid prolonged crypto market volatility, yet its user activity has remained positive. While uncertainty caused by its frequent price fluctuations has persisted, it appears that new users have remained enthusiastic about the leading meme token project, and they have continued to join the Shiba Inu ecosystem. Latest on-chain data from Etherscan shows that the Shiba Inu holder count has now reached 1,698,454 as of today, November 9, following the consistent growth seen in the past day. This means that a total of 2,025 new SHIB holders have been added to the ecosystem since the new month began, signaling sustained user growth even while its price performance has been extremely weak so far in November.

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