Shiba Inu Exodus: 32,000 Holders Lose Interest In The ‘Dogecoin Killer’

While the number of Shiba Inu (SHIB) coin holders has been steadily increasing over the last three months, the decentralized token just saw a significant loss of over 32,000 holders in a single day. According to CoinMarketCap data, the number of SHIB holders decreased by 32,832 on Friday, following a steady three-month climb. Between March 17 and 18, the number decreased from 1,199,452 to 1,166,620. Figures show earlier this month that the volume of Shiba Inu token on-chain transactions has decreased for the fourth consecutive month. Between January and February 2022, this number decreased by 9.27%, from 283,267 to 257,002. Shiba Inu Keyword Search Down Additionally, Google interest in the keyword “Buy Shiba Inu coin” has been declining, with the Google Trends score dropping from 100 on November 30, 2021, to only 3 on February 28, implying a 97% decline in interest during this period. Shiba Inu coin — created anonymously in August 2020 under the pseudonym “Ryoshi” as the “Dogecoin Killer” – shed 4,222 addresses from 1,161,661 to 1,157,437, ending a three-month increase in holders that unfurled in November. Related Article | Stablecoins Now At $187 Billion, UST And USDN Volume On The Rise According to analytics platform IntoTheBlock, 95% of holders of SHIB have held the stock for between one and 12 months, showing a bullish long-term mood, while short-term sentiment is gloomy...