Against the backdrop of recent instability in the cryptocurrency market, the decentralized token Shiba Inu (SHIB) has experienced a pronounced exodus, witnessing a substantial decrease in the number of its holders by nearly 40,000 within a mere three-day span.
Notably, this decline coincided with a market-wide crash on June 10, triggering a mass departure of investors across various digital assets, particularly altcoins, as bearish sentiment pervaded the broader crypto space.
Of significant interest is the fact that SHIB had demonstrated a relatively steady rise in holders over the previous month; however, June 10 marked a turning point as the number of the total number of unique addresses that hold assets in the network stood at 1,316,060, subsequently plummeting to as low as 1,276,678 on June 12, as reported by CoinMarketCap.
Total Addresses that hold SHIB. Source: CoinMarketCap
As of the latest data, the count stands at 1,277,353.
SHIB holder statistics
A noteworthy observation is
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