There's no stopping Shiba Inu. The crypto community, in general, has already accepted the popular memecoin as a worthy opponent for many big players in the space. The Shiba Inu community, or Shib Army, has never missed an opportunity to show support and love for the token.
Shiba Inu breaks its record
In a recent revelation, according to data from whales, Shiba Inu broke his record for number of holders, reaching a total of 1,185,135 holders. This is a significant development for the currency. In these turbulent times, with the market in freefall, this venture is sure to bring confidence to the community.
🏆 New record: $SHIB reaches an astonishing 1,185,000 holders.
Current holder count: 1,185,135
Furthermore, the top 1000 Ethereum whales are currently holding 13,845,082,253,056 SHIB among themselves, worth an incredible $2,291,902,599 USD. While many new and small investors are selling in a state of panic, the whales are guarding their tokens. This is an important feature to develop for all new investors so as not to sell in a state of panic. Whale only used this as an opportunity to buy more tokens as the price dropped.
Related: How to buy Kilo Shiba Inu (KSHIB) step by step guide
Other developments with SHIB
Lately, Shiba Inu has seen a lot of expansion and adoption. There has been pressure on social media for Champion Sportswear to collaborate on the popular token. An online petition is circulating in the cryptocurrency community.
In addition, Quincy University, a private Franciscan university based in Illinois, has started receiving cryptocurrency donations. It stated that it will accept Shiba Inu (SHIB) along with 31 other currencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tron (TRX), Dogecoin (DOGE), etc.
In a statement, Matt Bergman, senior director of advancement at Quincy University, highlighted the explosive expansion of the cryptocurrency industry, saying it will not slow down “any time soon.”
Although the market is in a downtrend right now, the Shiba Inu community is hard at work trying to get their favorite token listed and accepted on as many platforms as possible. And we've already seen what the Shib Army is capable of once they pool their resources.
At press time, SHIB was trading at $0.00002402, down 11.9%.