The Shiba Inu wallet has risen by over 9 % in two weeks

The Shiba Inu wallet has risen by over 9 % in two weeks

The popular meme-inspired Coin and the self-proclaimed Doge-Killer Shiba Inu (Shib) has continued to gain popularity and has recorded growth of more than 9% in the number of owners in the past two weeks.

Shib addresses exceed 738k

In the middle of an impressive price development since October 2, retail demand for Shib as Meme Groß Coin has managed to win more than 60,000 new owners, which corresponds to an increase of about 9.11 % in just over two weeks.

There is currently over 742,000 clear addresses Ownership of the Shib token, which is more than twice as large as the number of unique owners of the coin, when he reached its peak and reached an all-time high (ATH).

price slides do not scare the Shib army off

The Meme Coin has a strong retail user base that is popularly known as a Shib army. These Shiba Inu enthusiasts are quite confident that the crypto-asset has the potential to go much higher, and are therefore not influenced in phases.

A few days ago, Shib lost more than 40 % of its value within 24 hours, which dropped its market capitalization of just over $ 11 billion to around $ 8.5 billion.

The trigger for the massive drop of price at Shiba Inu was supposedly a whale sown, in which over 31 billion Shib tokens were liquidated by addresses that held between 1 million and 10 million Shib tokens.

Interestingly, an address over 8 trillion shop bought , worth around $ 239.4 million at today's prices, which is a significantly larger position than the above 31 billion coins.

Although it is a relatively new asset on the cryptom market, Shib is currently one of the top 10 of the coins data from Coingecko .

defy the Memecoin narrative

In the past few months, Shiba Inu has gradually moved past the Memecoin narrative, since the project now adds other functions.

It is decentralized exchange Shibaswap currently offers functions such as Swapping, Farming, Staking and even not fun token (NFTS). In addition, Shibaswap currently has a TVL of $ 416.71 million Data from Defi Lama .

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