<p>Shiba Inu, one of the most valuable digital currencies in the world, now has more than 1.214 million unique addresses on its network. According to <a href="https://coinmarketcap.com/currencies/shiba-inu/" target="_blank">Coinmarketcap</a>, the figure jumped by more than 14,000 within the last four weeks.</p><p>Amid the crypto rally of 2021, Shiba Inu entered the list of the top 10 cryptocurrency assets in the world. However, as crypto correction kicked in during November 2021, the meme coin started losing its <a href="https://www.financemagnates.com/cryptocurrency/news/shiba-inu-regains-20-billion-market-cap-level-matic-spikes-25/" target="_blank">market cap</a> significantly.</p><p>The current market cap of Shiba Inu stands at around $6.7 billion, which makes SHIB the second-most valuable meme coin in the world after Dogecoin (DOGE). SHIB is the 14th most valuable digital currency, just behind DAI and Polygon (MATIC).</p><p>Dogecoin, on the other hand, is ranked number 10 with a market capitalization of more than $8.1 billion. The total number of DOGE and SHIB holders has increased in the past few months despite the challenging <a href="https://www.financemagnates.com/cryptocurrency/" target="_blank">crypto</a> market conditions.</p><p>SHIB Holders</p><p>The data from Coinmarketcap shows that the total number of unique Shiba Inu addresses has climbed by almost 40,000 in the past three months. The number of active addresses in the last 24 hours stood at 14,645. As far as whale dominance across the Shiba Inu network is concerned, the top 10 SHIB holders now own more than 63% of the total supply. The top 50 holders own over 78.5% of the total SHIB supply.</p><p>SHIB has lost approximately 2% of its value in the last seven days. The crypto asset saw a marginal increase of 3% in the past four weeks.</p>
This article was written by Bilal Jafar at www.financemagnates.com.
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