Despite the fact that the number of Shiba Inu (SHIB) coin holders has been continuously expanding over the previous three months, the decentralized token has lately experienced a massive loss of more than 30,000 holders in a single day.
Indeed, the total number of unique addresses on the network holding the dog meme coin was on a steady climb over the last three months, until March 17, when it saw a major dip by 32,832 holders.
Between March 16 and March 17, the number went from 1,199,453 to 1,166,621 – a 2.74% drop, according to CoinMarketCap data acquired by Finbold on March 18.
Total number of addresses holding Shiba Inu. Source: CoinMarketCap
Interestingly, this decline in the number of holders corresponds with the number of transactions on the network.