Shiba Inu adds 250K new holders despite 2022 market downturn Shiba SHIB ShibArmy $SHIB SHIBCommunity
. At this current price, SHIB is down nearly 90% from its all-time high. The motivation for new Shiba Inu holders becomes quite interesting at this point.A dynamic shift is seen in its holders' composition. Based on the length of time SHIB holders have held their tokens, a bigger chunk of SHIB owners, which is 56%, have held for more than a year.
SHIB came into existence two years ago, in precisely August 2020. This implies that these owners got onboard as SHIB gained traction and have held onto their tokens since then. Despite the significant price decrease seen for the SHIB token and cryptocurrencies across the board, 2022 has produced numerous achievements for the Shiba Inu ecosystem.
From the SHIB metaverse to the Shiba Inu burn portal to the Welly's fast food integration and numerous"partnershibs," including those of John Richmond and inclusive of SHIB listings on exchanges, the list remains long. However, the truth remains that market conditions might be somewhat disconnected from reality on the ground.
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