InstaForex

November 26, 2021

Over 1 Million Shiba Inu Investors (SHIB)! Luck Or Snares?

 Shiba Inu (SHIB) officially has over a million investors!


Such a proud, and amazing milestone for the #ShibArmy! $ SHIB reaches 1,000,000 holders.


Today we all cheer, and celebrate this great moment in SHIB's history. #1MFRIENDSHIBS #SHIB pic.twitter.com/T1UtMRdQ7r


- Shib (@Shibtoken) November 25, 2021


While this news excites its community, SHIB is still trading below 50% of its all -time high (ATH), $ 0.00008845 on October 28, 2021.


SHIB prices also did not show any exciting developments. It traded at $ 0.00004130, down over 3% in 24 hours.


At the time of writing, SHIB investors have risen 0.057% to 1,002,739 from 1,002,021.



The first investor to own the most SHIBs had over 410 trillion SHIBs worth $ 17.2 trillion, representing over 41% of the total supply of SHIBs in the cycle.


In addition, several important episodes have taken place related to SHIB:


Bitfinex Derivatives has listed SHIB/USDT as a permanent contract to be traded starting November 23rd.

South Korea's crypto exchange, Korbit has received SHIB and trading of the assets began on November 25, at 11 am Malaysian time.

SHIB's performance is said to be a positive development.


However, there are still those who are skeptical of its potential as a meme coin. Either way, meme coins are just speculative coins whose price spikes are driven by public hype.


Many investors other than SHIB also belittled this community: "Let them trade with each other."