• Shiba Inu emerges as a favorite token for whales, ranks fifth among the most held tokens on the Ethereum network. 
  • The memecoin is experiencing high volatility, influencing a spike in the number of token holders. 
  • Shytoshi Kusama, head of SHIB ecosystem projects, teases a reveal of Shiba Inu games. 
  • SHIB is now available for trading on Korbit, a South Korean crypto exchange.

Shiba Inu hit an important milestone of 1 million holders with a rise in the number of investors. The memecoin listed on a South Korean crypto exchange successfully despite strict regulatory requirements. 

Shiba Inu crosses 1 million holders, prepares for price rally

Dogecoin-killer Shiba Inu has crossed the 1 million holders milestone earlier on November 25, 2021. The memecoin has emerged as one of the favorite ERC-20 tokens among Ethereum whales. 

During the Shiba Inu price dip, whales have consistently accumulated SHIB tokens. Alongside burn implementation, this reduces the circulating supply of Shiba Inu, triggering a rally in SHIB price. 

Shiba Inu price has experienced high volatility over the past two weeks, dropping over 50% from its all-time high of $0.00008616. Despite the price drop, there is a spike in interest and accumulation by crypto investors. 

@venturefounder, a cryptocurrency analyst, picked SHIB as an ideal asset for portfolio diversification. The analyst recently tweeted:

Korbit listed Shiba Inu despite strict regulatory requirements on cryptocurrency exchanges in South Korea. The memecoin now has exposure to over 100,000 users on Korbit. 

Shytoshi Kusama, head of Shiba Inu ecosystem projects, has teased the release of SHIB games. Kusama plans to announce further details in a blog post later today:

FXStreet analysts have evaluated the SHIB price trend and predicted that the memecoin faces a resistance trifecta at $0.0000525. 

 

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