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Despite trading more than 50% below its all-time high and having over one million token holders, Shiba Inu appears to be on the verge of something big. The price of SHIB has risen 11.4 percent in the last 24 hours since the project passed this milestone, with the coin now selling at $0.00004237, there are 1,002,021 SHIB holders.
Shiba Inu Trading on Various Platform has Over One Million Holders
In the Shiba Inu world, there's a lot going on. SHIB with Tether (USDT)-paired perpetual contracts were offered for trading on Bitfinex Derivatives . Korbit, a South Korean exchange, has started taking deposits, and SHIB was set to begin trading. Korbit is the first Korean stock market to list Shiba Inu.
Dogecoin (DOGE) is presently the only other meme coin that can be traded on the four major South Korean exchanges - Upbit, Bithumb, Coinone, and Korbit.
Korbit has the chance to list new tokens coupled with the Korean won since it was one of the few exchanges in Korea to be fully compliant with new anti-money laundering standards.
SHIB Trending Nowadays
DOGE is the fifth most traded cryptocurrency in South Korea in terms of trade volume. DOGE has been extremely popular in Korea since 2017 when the nation was engulfed in an ICO frenzy and cryptocurrencies were trading at a premium to worldwide values, a phenomenon known as the "Kim Chi Premium." It's unclear whether the arrival of other meme coins, such as Shiba Inu, will spark a new round of speculation.
SHIB is one of the most widely used meme coins today, second only to DOGE. By market capitalization, both are in the top 15 cryptocurrencies. SHIB, which was inspired by DOGE, has a slew of copycat currencies on other chains. There are now around 19 cryptos with the word "Shiba" in their names.