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After a 30% price drop, SHIB gets 15,000 new holders in just one week

The cryptocurrency market remains pessimistic, with the great majority of assets trading in the red; nevertheless, interest in Shiba Inu (SHIB) does not appear to have diminished, with the asset even attracting new investors.

In fact, as of May 10, the dog meme cryptocurrency has gathered over 15,000 holders in less than a month; however, since then, SHIB has had even more amazing results, accumulating over another 15,000 in less than a week.

On May 10, there were 1,146,848 Shiba Inu owners.

According to data from CoinMarketCap at the time of publication, theImage : SHIB Total addresses in the last month. Source: CoinMarketCap number of meme token holders on May 16 was 1,161,805, which is 43 holders shy of 15,000 holders.

With 1,132,280 holders as of April 17, SHIB has attracted about 30,000 new holdings in the last month alone, indicating that more investors are buying the asset as its price declines.

Image : SHIB 1-month market cap. Source: CoinMarketCap

SHIB has had significant price and market capitalization drops, which have become even more acute recently as a result of the global market downturn.

To be more explicit, its total market value on April 16 was $6.66 billion, a loss of $7.46 billion, or 52.83 percent, from the $14.12 billion it had on April 16.

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My Name is Will. I'm a News/Content Writer and SEO Expert. I have good way of using good English construction to write credible articles ranging from News Articles to Creative Writing all around Cryptocurrency Industry. I have actively worked and still working with Crypto startups and have maintained credibility in the Cryptocurrency space.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.