The official Twitter account of meme cryptocurrency Shiba Inu has reached a new milestone of 3.4 million followers. For comparison, rival meme coin Dogecoin also has about 3.4 million Twitter followers. Shiba Inu has recorded growth in recent months, adding more than 700,000 followers since February. Also, Shiba Inu's holder count continues to grow. The total number of SHIB holders has risen to 1,182,817, according to WhaleStats. An increase in the number of holders might suggest long-term interest in an asset, though it may not immediately impact the price. Shiba Inu whales have been more active in the last 24 hours as WhaleStats' analysis of the top 100 Shiba Inu holders reflects a 20% spike in active addresses as crypto whales interacted with billions of Shiba Inu.
The blockchain data tracker also reported that Shiba Inu has flipped FTX in the biggest holdings for the top 100 ETH whales, accounting for $403,974,830 worth, or 14.53% of their holdings. According to a recent poll conducted by the top Middle East exchange, Rain, 90.9% of traders showed a preference for Shiba Inu. SHIB trading went live on Rain in May, months after the exchange teased its listing.
Shiba Inu has returned to a price range last seen in August 2021 after reaching intraday lows of $0.0000075 on June 15. SHIB was down 2.72% at $0.0000078 at the time of publication, in line with the current crypto market dip. SHIB dipped to lows of $0.0000071 on June 19 amid the latest market sell-off that saw billions wiped away from the global crypto market cap.
Shytoshi Kusama, SHIB's lead developer, shares Shiba Inu's path forward in the ongoing bear market in a recent thread of tweets. While thanking the community for its immense support, the SHIB developer took the time to clear up some misconceptions. He speaks on the essence of "partnerships" for Shiba Inu, saying revenue from outside the space "is actually a good idea."
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