Shiba Inu (SHIB) has recorded a new milestone as it just registered over 1 million holders – quite a thing considering the memecoin is trading about 50% below its ATH.
After Shiba Inu confirmed the news on Twitter, the price of the token increased by 11.4% across 24 hours, which helped SHIB trade for $0.00004237. Info from Etherscan confirms that there are currently 1,002,021 SHIB holders in the world.
Even with this increase in price, SHIB continues to trade below its peak of $0.00008190 that was recorded on October 28th. Many view the fact that SHIB whales are taking profits as the reason for this.
Meanwhile, On November 23rd, Bitfinex Derivatives listed SHIB with Tether and South Korean exchange Korbit began accepting SHIB deposits which made it the first exchange in the country to list Shiba Inu. The only other memecoin that can be traded on the big four exchanges in South Korea is, of course, Dogecoin.
DOGE remains the fifth-most traded crypto in Korea, going by trade volume. The memecoin became popular in the country in 2017 when South Koreans became interested in ICOs and cryptos traded at a premium compared to global prices, popularity known as “Kim Chi Premium.”
Overall, SHIB remains the second most popular memecoin in the world, being surpassed only by DOGE. Both of them are sitting in the top 15 of the cryptos by market cap.