Shiba Inu is now held by more than 1 million people. Its current price is below 50 percent from the maximum high it had achieved. The community invested in SHIB has been excited by achieving this milestone. Its daily price increased after this achievement was announced at the official SHIB Twitter account.
The New Milestone
SHIB price jumped 11.4 percent in the last 24 hours after reaching this milestone and currently going at $0.00004237, as per CoinGecko data. Etherscan data shows that more than 1 million investors are holding this currency. This increase in its price is still below the peak it had achieved at $0.00008190 on October 28. This may be because of Shiba Inu whales going for the profits. Many things are moving fast in the SHIB world. It was listed for trading by Bitfinex Derivatives with USDT Tether connected perpetual contracts on Tuesday. Deposits are being accepted by Korbit, the South Korean digital exchange. SHIB trading was expected to start at UTC 3 AM, making this exchange the first one to list this currency.
The Only Second Memecoin on Top Exchanges
After Dogecoin, SHIB is the only one trading on four big Korean crypto trading exchanges, namely Coinone, Korbit, Bithumb and Upbit. Korbit can list a new token paired with won, the official Korean currency. This has been possible because it complies with the laws implemented by the Korean authorities to prevent money laundering. If taken on trade volume, DOGE continues to trade at fifth-place in the crypto market of South Korea. It has been highly popular since 2017 in Korea after the initial coin offers were wildly popular. Cryptocurrencies at that time were trading higher than their global prices.
SHIB has been a popular memecoin and its trading volume has been only behind DOGE. Both memecoins have been in top 15 list of cryptocurrencies in terms of market capitalization. The popularity of SHIB has given rise to more than 19 cryptos that include Shiba word in their trading name.