The Number Of Shiba Inu Holders Increased By 31% In A Month

During this period, the altcoin price has increased by 104%. The asset took 11th place in the list of the largest cryptocurrencies in terms of capitalization ($ 30.7 billion)

Over the past month, the number of holders of the “meme” cryptocurrency Shiba Inu increased by 31% (from 706.8 thousand to 926.6 thousand), according to CoinMarketCap.

During this period, the Shiba Inu price has increased by 104%. The market valuation of Shiba Inu increased to $ 30.7 billion. The asset took 11th place in the list of the largest cryptocurrencies in terms of capitalization.

On the evening of November 7, an unknown person bought  20 trillion Shiba Inu tokens worth about $ 1.15 billion. The crypto investor paid a commission of $ 0.004 ETH ($ 19.5) for the transaction.

The Shiba Inu token is called the “Dogecoin killer” by its creators. The project’s website says that its main task is to surpass Elon Musk favorite cryptocurrency in terms of capitalization.

The Shiba Inu developers claim to have been inspired by the example of the WallStreetBets Reddit community, whose members were able to “accelerate” the value of the shares of GameStop, AMC and a number of other companies.