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Despite the current gloomy picture in the cryptocurrency market, interest in Shiba Inu (SHIB) is growing as the asset gains new investors.
Within a month, the dog-themed cryptocurrency meme attracted more than 30,000 investors, which may indicate that interest in the digital asset has returned.
Data obtained by Finbold shows that on April 27, there were 1,139,421 token holders compared to 1,169,989 as of May 26, representing an overall increase of 30,568 addresses (CoinMarketCap statistics).
On March 17, there was a sudden and significant drop in the total number of unique addresses on the network, resulting in the loss of 32,832 holders in one day. Prior to that, the total number of unique addresses grew steadily.
In addition, in early March, Finbold experts found that the number of on-chain transactions involving SHIB decreased for the fourth month in a row, decreasing by 9.27% during this time.
Notably, Shiba Inu recently surpassed FTT, the native token of the widely used FTX crypto exchange, and became the leader among the 500 largest Ethereum whales.
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