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Shiba Inu Owners Decrease Amid Market Fall

The number of addresses in the Ethereum network, on the balance of which Shiba Inu coins are stored, has decreased for the first time in recent months and now stands at 980,500.

In recent months, the price of the “dog coin” has been growing, and the capitalization of Shiba Inu has even exceeded $ 50 billion. Thanks to the positive news background, more and more people bought SHIB. However, in recent weeks, the capitalization of the coin has almost halved, and along with the fall in the cryptocurrency market at the end of this week, the number of SHIB owners has also decreased.

According to the CoinMarketCap service, in the middle of the month the number of addresses with a positive SHIB balance reached 992,900. It seems that along with the fall in the cryptocurrency market, the owners of Shiba Inu decided to take profits and sell their coins.

It is impossible to determine the real number of Shiba Inu owners, since one person can have several wallets where SHIBs are stored. On the other hand, not everyone keeps their coins on separate wallets – many use wallets on cryptocurrency exchanges.

Earlier, AMC, the largest cinema chain in the United States, announced the possibility of adding payments to Shiba Inu. Later, the decision was made – in cinemas it will indeed be possible to buy tickets and related goods for SHIB.

In the middle of the month, co-founder and managing partner of venture capital firm Bedrock Capital, Geoff Lewis, noted the similarities between Shiba Inu and electric car maker Rivian.

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