While a number of whales make Shiba Inu (SHIB) collections, the asset also faces the loss of over 30,000 hodlers overnight in a 24 -hour period.
Here are the details of the change in the number of SHIB investors:
March 16
Number of hodlers: 1,199,453
SHIB price movement: This crypto meme recorded a price increase of over 7%, touching a daily high, $ 0.00002278
17 March
Number of hodlers: 1,166,621
SHIB price movement: This asset recorded a price decline of over 3%, touching a daily low, $ 0.00002206
During that time period, Shiba Inu has lost 32,832 hodlers overnight.
Worse, the number of SHIB hodlers continued to record a record decline until at the time of writing this article, the number had changed to 1,155,819, bringing its cumulative total to 43,634 in six days!
In fact, this incident is not the first time it has happened because it happened at the end of January this year and it has not continued to decline to alarming levels.
A few days into February, the number of hodlers again increased consistently for a month before recording the highest figure on March 16th.
Perhaps that sentiment is repeating a cycle that has happened before.
For the record, the simultaneous loss of over 30,000 hodlers occurred as the SHIB burning rate increased by over 6,700% after 745 million SHIBs were burned.
At the same time, cases of the use of cryptocurrencies are also growing rapidly among real estate firms and energy companies.
