Shiba Inu Holders Rise By Over 7,000 After Nov Exodus As Whales Keep Faith

The number of holders of Shiba Inu SHIB/USD has increased by 7,807 to a total of 1,251,237 since the start of December.

What Happened: According to Etherscan data, in December, SHIB saw an average of 643 new holders added daily. This stands in stark contrast to the situation at the end of November when SHIB lost almost 9,000 holders.

Although the SHIB market failed to achieve a substantial rally after the FTX crypto exchange collapse in November, investors continue to take an interest in the meme coin, as evidenced by the increase in its number of holders.

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On Dec. 7, WhaleStats reported that SHIB was one of the top ten cryptos bought by the 5,000 largest Ethereum ETH/USD whales, alongside other tokens such as Polygon MATIC/USD, and Coinbase COIN Wrapped Staked ETH (CRYPTO: cbETH).

Price Action: At the time of writing, SHIB was trading at $0.000008818, down 4.42% in the last 24 hours, according to Benzinga Pro.

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