According to WhaleStats data, the number of SHIB holders is quietly increasing as the Shiba Inu community eagerly anticipates the next major event for the SHIB ecosystem.
Shiba Inu have gained approximately 7,000 new owners since the beginning of May. According to WhaleStats, the total number of SHIB holders is presently 1,146,486. By the end of April, the total had risen to roughly 1,139,916. Although an increase in holders may not have an immediate impact on the price, it can signal long-term interest in an asset and is thus a positive indicator.
Shiba Inu is now trading at $0.0000164, down almost 12% in the previous 24 hours. SHIB hit an intraday low of $0.00001664, the lowest level of the year so far.
Shiba Inu is currently testing support near $0.000017, as evidenced by its daily chart, which shows a 100% increase in late January. The daily RSI remains historically oversold, indicating a short-term relief rally and eventual stabilisation before the next significant price move.
Shiba Inu fell to as low as $0.000017 after the crypto market crashed in late January. This was followed by a few days of sideways or consolidation trading until February, when a positive gain began. Shiba Inu’s value surged overnight, reaching a low of $0.0000354 on February 7.
Further price decreases, on the other hand, might lead to a target of $0.000012.
Read more: SHIB whale buys 1.2 million APE
