Despite bearish sentiment across the crypto market and Shiba Inu (SHIB) now trading well below the all-time highs reached in October 2021, interest in the dog meme token appears to be growing.
In fact, with interest returns on decentralized finance (DeFi) assets, SHIB attracted more than 20,000 new investors in a month, according to data retrieved by Finbold from CoinMarketCap on July 11.
According to the data, SHIB had 1,178,157 holders on June 12, and as of July 11, there were 1,199,539 meme token holders, a total increase of 21,382 during this time.
A total of 1 month of SHIB addresses.
SHIB overcomes past losses
The number of unique addresses holding the dog meme currency on the network dropped significantly between March 16 and March 17, losing 32,832 holders as their number dropped from 1,199,453 to 1,166,621 in one day. Prior to this, the total number of unique addresses had been trending steadily upward.
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