It is seen that the price of Shiba Inu (SHIB) has decreased by 12% in the last 24 hours with the effect of Bitcoin (BTC) and the general crypto money market.

According to whale watching site WhaleStats data, while the price of Shiba Inu (SHIB) decreased, the rate of increase in the number of addresses set a new record. The number of addresses holding Shiba Inu (SHIB) reached an all-time high of 1,150,173 million.

The following information was shared from the WhaleStats twitter account;

   "New Record: $SHIB reaches an astonishing 1,150,000+ holders.

Current Holder Count: 1,150,173

The top 1000 ETH wallets are holding 51,383,815,397,632 $SHIB ($1,461,726,189 USD)"

Shiba Inu (SHIB) in the popular cryptocurrencies of the cryptocurrency market entered a downtrend after hitting an all-time high of $0.00008854. The crypto asset is currently trading at the level of 0.000025", down more than 11%.

Shiba Inu to USD Chart-2

Despite all these negativities in the price of the popular meme coin, the number of addresses holding SHIB is increasing day by day. This reveals the confidence and expectations of investors in the Shiba Inu.

According to the information reported by WhaleStats a few days ago, the number of Shiba Inu owners was reported as 1,145,212. Although the increase in the number of addresses does not affect the price of SHIB in the short term, it is said that it may have positive effects on the price of the meme coin in the long run.

Shiba Inu to USD Chart-3

However, Shiba Inu also stands out as the most preferred crypto asset by the top 1000 Ethereum (ETH) whales. The top 1,000 Ethereum whales are estimated to hold 51,383,815,397,632 SHIBs worth $1,461,726,189.