Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The number of SHIB followers on Twitter keeps growing, pouring into the Shib army, as they have now reached 3.3 million. This is the amount of people who follow the official Dogecoin account on Twitter.
Shib army growing fast
Aside from catching up with DOGE on Twitter, the number of wallets holding Dogecoin, the original meme crypto, is still way ahead of its closest rival, Shiba Inu. Dogecoin has roughly four million holders around the world, while the total amount of wallets that store Shiba Inu is 1,163,683, as per recent data provided by WhaleStats—a blockchain service that tracks the 100 largest wallets on the Ethereum chain.
Since the end of April, this number has increased by 23,767 wallets.
Over the past few years, the growth in the number of Dogecoin holders has been driven by Elon Musk's tweets in support of the largest meme cryptocurrency.
SHIB and DOGE both down 87% from their ATHs
Curiously, both of these meme tokens are down from their latest historic price peaks by the same percentage value.
Dogecoin reached an all-time high on May 8 last year, hitting $0.7376. Now, the token is trading down 87.94% from that peak, which was fueled by Elon Musk's appearance on U.S. national TV on Saturday Night Live, where he endorsed DOGE.
Shiba Inu soared to an all-time high of $0.00008845 on October 28, and now it is changing hands at $0.00001234—that is down 86.03% from that value.
Alex Dovbnya
Arman Shirinyan
