The Shiba Inu meme token began to gain popularity last year and since then the number of long-term investors in SHIB has been constantly growing – since the beginning of the year, the number of “hodlers” has increased by 1,900%.
According to Xuetabit, since the end of January, the number of long-term SHIB holders has increased by 1,900% and amounted to 3,750 addresses. We are talking about wallets that have been storing SHIB tokens for more than a year. At the same time, the number of investors storing tokens for no more than a month has decreased by 38% to 49,790 addresses over the past month.
The number of SHIB tokens on the wallets of long-term investors increased by 127% over the same period and amounted to 27.93 trillion. Over the past month, the indicator has increased by 57%. The balances on the accounts of short-term investors are also growing, despite the decrease in the number of addresses.
Xuetabit notes that long-term holders keep only 5% of the total capitalization of the Shiba Inu token. But 93% of the total amount of SHIB has accumulated on wallets storing tokens from 1 to 12 months.
“SHIB’s hodlers remain steadfast and continue to accumulate tokens over the past weeks. This bore fruit after the announcement of Robinhood,” notes IntoTheBlock.
We are talking about the fact that the popular application for trading cryptocurrencies and traditional financial assets Robinhood announced the addition of support for Shiba Inu tokens. In addition, the operator of the BTM cryptomats network added support for SHIB, according to the Xuetabit crypto exchange.