Shiba Inu ($SHIB) Adds 30,000 Holders in a Month as Burn Rates Keep Climbing

Shiba Inu ($SHIB), a meme-inspired cryptocurrency, added over 30,000 new holders over the past 30 days

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Shiba Inu now has 1,169 million token holders on the Ethereum blockchain, up from around 1.134 million late last month, as Ethereum wallets added SHIB to their holdings.

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While its price plunges, the meme-inspired cryptocurrency has added over 30,000 holders in a month.

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SHIB's price has fallen 55% over the past 30 days as a result of the collapse of the Terra ecosystem, exacerbated by the wider crypto market sell-off.

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Several new holders have joined the cryptocurrency's community at a time when Shytoshi Kusama

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SHB's lead developer, has predicted an announcement that will "floor everyone."

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Recently, the SHIB team announced that entertainment industry veteran Marcie Jastrow has joined its metaverse team to work on “Shib

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The Metaverse.” Jastrow has worked in the entertainment industry for over 20 years and is an “early pioneer in Immersive.”

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Kusama has said in the past that the deal will "break the internet," noting many don't realize it is happening right before their eyes.

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Earlier this week, Shiba Inu's burn rate jumped 800% in a day to 12.6 billion tokens after the cryptocurrency's burn portal started distributing $RYOSHI rewards to those who burned their tokens.

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From April 23 until rewards started being distributed, the SHIBArmy burned around 29.5 billion $SHIB since launching the burn portal.

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