Shiba Inu (SHIB) coins has been experiencing sharp increases of both holders and tradeable volumes. Approximately 7000 new SHIB investors have recently joined the ranks. Currently, there are approximately 1.21 million Shiba Inu holders, as revealed by the latest data released by Coinmarketcap.com.
The data website also disclosed some interesting figures. A total of 14 645 Shiba Inu addresses have been active last Friday. Interestingly, the top 10 Shiba Inu crypto whales hold around 63 percent of of the entire supply of the coin, while the top 50 SHIB addresses retain 78.65% of the entire supply.
SHIB is a so-called meme coin, one of the most popular ones, since it exploded in the market during last year’s crypto rally. Currently, it’s the world’s second most valuable meme digital coin, and it even entered 2021’s list of top 10 digital assets.
However, the upcoming crypto winter, as prognosed by experts in the industry, will potentially cause major drops in interest and SHIB value, and the effect is to be felt by other meme coins.
After an approximate $2 trillion market loss in the last 8 months, the crypto market has confidently rebounded the last couple of weeks.
Nevertheless, regulators around are continuously issuing warnings of the dangers of crypto investments, while also initiating reforms in the crypto market regulatory frameworks. Yet, the scammers still remain at large, and further crypto regulations will have to be implemented to create a sustainable crypto market industry.