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Shiba Inu Has Gained About 7000 Holders since May 1st: SHIB Holders Now Stand Above 1.14 Million

The interest in the Shiba Inu (SHIB), the hottest meme token in the market, continues to grow on a daily basis as the community awaits the next big item for the fast-growing ecosystem.

According to the data provided by WhaleStats, the tracker of 5000 biggest Ethereum whales, the SHIB holder count is quietly and significantly on the increase.

Read Also: Famous Fashion Brand Gucci Adds Shiba Inu (SHIB) As Payment Option: Details

SHIB Has Gained Nearly 7,000 Holders since the 1st of May

Shiba Inu (SHIB) has gained about 7,000 holders since the start of May. According to WhaleStats, the total number of SHIB holders is currently 1,146,486.

At the close of April, the count stood at around 1,139,916. Although an increase in holders may not have an immediate impact on the price, it may signify interest in an asset over time, which would bring positive results in the long run.

Shiba Inu (SHIB) in the Market

Shiba Inu’s price is currently trading at $0.0000164, representing a nearly 12% decrease in the last 24 hours. SHIB dipped to intraday lows of $0.00001664, thus marking the lowest levels so far in 2022.

As seen on its daily chart, Shiba Inu is currently changing hands in support beneath the $0.000017 level, from where its price rose 100% in late January.

Read Also: A Popular US-Based Fitness Company Just Adopted Payments Using Shiba Inu (SHIB) via BitPay

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The daily RSI remains at historic oversold levels, suggesting the possibility of a near-term relief rally and likely consolidation before the next major price move.

In late January, Shiba Inu fell to as low as $0.000017 as the crypto market dipped. This was followed by sideways trading, or consolidation, for a few days before a positive climb kickstarted in February. Shiba Inu’s price then rose more than 100% to attain lows of $0.0000354 on Feb. 7.


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Solomon Odunayo
Solomon Odunayo is a cryptocurrency journalist with over 3 years of experience in the crypto industry. He's sternly interested in covering developments of emerging and established blockchain projects.
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