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SHIB Follower Number on Twitter Now Matches That of Dogecoin—3.3 Million

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Wed, 05/18/2022 - 11:16
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Yuri Molchan
Shiba Inu has finally caught up with Dogecoin in terms of number of Twitter followers
SHIB Follower Number on Twitter Now Matches That of Dogecoin—3.3 Million
Cover image via stock.adobe.com

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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.

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Image via 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.

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Bitcoin Shows Signs of Bottoming per These Two Metrics

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.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.