SHIB flashes green on Monday, adding almost 40,000 new holders in 10 days | Finbold

Shiba Inu (SHIB), a decentralized meme currency, was back trading in the green on Monday, as retail demand for the token asset remains at large.

Indeed, amid an impressive recent performance, the token competitor to Dogecoin (DOGE) has gained almost over 40,000 new holders in only ten days, according to data presented by Finbold.

Previously, our report from October 8, 2021, showed that there were 699,971 Shiba Inu owners. As of October 18, 2021, there are 738,483 meme token holders, indicating a rise of 38,512 new holders at the time of publishing.

SHIB price

Currently, the token is now trading at $0.00002758, up 7.41% in 24 hours and up just 0.7% in the last week, with a market capitalization of $10.8 billion, according to CoinMarketCap.com statistics.

Notably, SHIB saw a price surge after midnight, bringing its value over $11 billion once more before settling in its current trading range.

Interestingly, over the last 30 days, SHIBA has witnessed an enormous increase in value; with it trading around $0.000008, it has now gone up to $0.000027.

It’s worth mentioning that a wallet tracking system on September 30 recorded a whale purchase of more than 6 trillion SHIB, just a few days before the cryptocurrency’s price began to rise at the start of October.

It was reported that a SHIB whale purchased 6,178,758,122,373 SHIB ($43,838,916), then on October 2, the same whale purchased 116 billion coins, then 159 billion coins, and finally, 1 billion SHIB coins, all within a few hours of one another, totaling 276 billion SHIB.