SHIB shoots up 10% in a day as retail holdings hit an all-time high
In the past month, the price of Shiba Inu (SHIB) has surged by over 30%, reaching new heights. CoinMarketCap’s data shows that retail investors now hold a record-high amount of SHIB tokens, totaling 222.7 trillion. Whales still control the majority of SHIB’s supply, owning over 68%, but retail investors hold nearly twice as many tokens as other investors. This increasing interest and participation from individual investors could indicate a broader user base and greater decentralization of ownership.
The price of SHIB is currently trading at $0.000009882, up 9.38% in the past 24 hours. Over the past month, SHIB has gained about 30% and added $1.4 billion in market cap. The upcoming Shibarium upgrade to Shiba Inu’s ecosystem may be a contributing factor to the recent price surge. However, it’s important to note that SHIB remains a high-risk investment, highly influenced by social media speculation and influential market players.
Key Points:
– SHIB’s price has surged over 30% in the past month, reaching new heights.
– Retail investors now hold a record-high amount of SHIB tokens, totaling 222.7 trillion.
– Whales still control over 68% of SHIB’s supply, but retail investors hold nearly twice as many tokens as other investors.
– Increasing interest from individual investors could indicate a broader user base and greater decentralization of ownership.
– The price of SHIB is currently trading at $0.000009882, up 9.38% in the past 24 hours.
Hot Take:
The surge in the price of SHIB and the record-high retail holdings indicate a growing interest and participation in the meme-inspired cryptocurrency. However, it’s crucial to remember that SHIB is a high-risk investment, heavily influenced by social media speculation and the actions of influential market players. Investors should proceed with caution and be aware of the speculative nature of this asset.
By
By
By
By