SHIB holders hit a huge record in July amid the volatility of the cryptocurrency

While the cryptocurrency market is unstable due to unfavorable macroeconomic trends, some meme currencies continue to show steady growth. Over the past month, SHIB holders have hit a new all-time high in a key metric, despite headwinds in the crypto space. This growth comes despite frequent fluctuations in the price of SHIB, which has remained broadly unchanged at $ 0.000011 over the past 30 days.

The new SHIB holders are constantly increasing

According to data from CoinMarketCap, the number of new SHIB holders has steadily increased over the past few weeks. The total number of unique addresses held by SHIB was less than 1,190 million in early July. This number has now grown to around 1.213 million, showing significant growth in July. Interestingly, the number of new unique SHIB addresses has increased nearly every day since June 29. As of July 25, the current number of SHIB holders stands at 1,212,692.

Over the same period, SHIB’s price reached a low of 0.0000096 and a high of 0.00001297 on July 20th. Shiba Inu’s price is currently $ 0.00001124, down 3.88% in the past 24 hours, according to CoinMarketCap. On a weekly basis, the SHIB token price fell 8.30%. Recently, it was observed that SHIB has become the largest token held by the first 2000 ETH whales.

Adoption of the Shiba Inu is on the rise around the world

Last week, Philippines-based cryptocurrency exchange Coins.ph listed SHIB. This cryptocurrency exchange has been in operation since 2014 and has 10 million customers. This is an important development considering the exchange is regulated by the Central Bank of the Philippines. Bangko Sentral ng Pilipinas has recognized Coins.ph as an authorized virtual currency exchange, e-money issuer and remittance and transfer agent. The exchange says these licenses allow it to offer the purchase and sale of cryptocurrencies. “This means that we can provide simple, safe and secure methods for making digital payments, as well as services for buying and selling cryptocurrencies.. “

Recent data from WhaleStats shows that SHIB has been among the tokens that have been trending lately. Likewise, the Shiba Inu was on the list of the most bought tokens by Ethereum’s largest whales.

Post up Hide the summary

Leave a Comment