Are Shiba Inu users wrong?

With above 1 million token holders, Shiba Inu looks set for remarkable things ahead, notwithstanding trading more than 50% under its all-time high.

Shiba Inu (SHIB) has entered an adoption milestone by exceeding the 1-million-holders mark — even though the meme coin is trading 50% under its all-time high. 

News of the milestone and daily price increases has strengthened the Shiba Inu community following the official Shiba Inu Twitter account, tweeting a shoutout late Thursday.

Since the project approached this milestone, the price has surged up 11.4% over the past 24 hours, with SHIB presently trading at $0.00004237, as stated by CoinGecko. There are 1,002,021 SHIB holders, as stated in data from Etherscan.

Notwithstanding the recent price hike, SHIB is still trading well under its Oct. 28 peak of $0.00008190, possibly because of SHIB whales taking profits.

Most famous memecoins

Lots are going on in the Shiba Inu world. Bitfinex Derivatives listed SHIB with Tether (USDT)-paired perpetual contracts for trading on Tuesday.

And South Korean exchange Korbit has been receiving deposits, and SHIB should begin trading at 3 am UTC. This makes Korbit the first Korean exchange to list Shiba Inu.

Dogecoin (DOGE) is currently the single meme coin ready to trade on the big four exchanges that operate legally in South Korea. These are Upbit, Bithumb, Coinone, and Korbit.

Korbit has the chance to list new tokens joined with the Korean won. It was one of the several exchanges in Korea to have come into complete compliance by Sept. 24 with new rules intended to fight money laundering.

SHIB is one of the most famous meme coins on the market today, behind only DOGE. Both are amongst the top 15 cryptocurrencies by market capitalization. Motivated by DOGE, SHIB itself has many copycat coins over several chains. In total, there are over 19 cryptos with “Shiba” in their titles.