Shiba Inu Millionaire Count Drops Below 1,000 Amid Market Crash
The number of Shiba Inu millionaires has dropped below 1,000 due to a recent market crash. Key points include:
- Total addresses holding $10,000 to $10 million in SHIB tokens fell to 2,470.
- Addresses with holdings between $100,000 and $1 million decreased to 1,059.
- Only 74 addresses currently hold over $10 million worth of SHIB, down from 75 earlier this week.
- This select group controls a significant amount of SHIB supply, impacting market dynamics.
- The decline in millionaire holders aligns with the ongoing price volatility and selling activity.
Currently, SHIB is trading at $0.0000165, attempting recovery after a more than 20% price drop. In the past week, it has gained over 9.8%, offsetting some losses. However, trading volume remains low, showing a 41% decline.
