1 million Shiba Inu users can’t be wrong… can they?

Shiba Inu (SHIB) has reached an adoption milestone by surpassing the 1 million holders mark — though the memecoin is buying and selling 50% under its all-time excessive. 

News of the milestone and day by day worth improve has energized the Shiba Inu neighborhood because the official Shiba Inu Twitter account tweeted a shoutout late on Nov. 25.

Since the mission reached this milestone, the worth has jumped up 11.4% over the previous 24 hours, with SHIB now buying and selling at $0.00004237 in line with Coingecko. There are 1,002,021 SHIB holders in line with information from Etherscan.

Despite the current worth improve, SHIB continues to be buying and selling effectively under its Oct. 28 peak of $0.00008190, probably as a result of SHIB whales taking profits.

There’s loads occurring within the Shib Inu world. Bitfinex Derivatives listed SHIB with Tether (USDT)-paired perpetual contracts for buying and selling on Nov. 23.

And South Korean alternate Korbit has been accepting deposits and SHIB was scheduled to begin buying and selling at 3AM UTC. This makes Korbit the primary Korean alternate to record Shiba Inu.

Dogecoin (DOGE) is presently the one different memecoin obtainable to commerce on the 4 massive exchanges that also function legally in South Korea: Upbit, Bithumb, Coinone, and Korbit.

Korbit has the chance to record new tokens paired with the Korean Won (KRW) because it was one of many few exchanges in Korea to come into full compliance by Sept. 24 with new guidelines designed to fight cash laundering.

Related: Shiba Inu slump continues: Data shows retail interest waning as SHIB down 60% in 4 weeks

DOGE is South Korea’s fifth-most traded crypto by commerce quantity. DOGE has been very fashionable in Korea since 2017 when the nation was gripped by ICO fever and cryptocurrencies traded at a premium in comparison with international costs — referred to as the “Kim Chi Premium.” It stays to be seen whether or not the addition of extra memecoins reminiscent of Shiba Inu might result in one other speculative frenzy.

SHIB is likely one of the hottest memecoins available on the market right now, behind solely DOGE. Both are among the many high 15 cryptocurrencies by market cap. Inspired by DOGE, SHIB itself has many copycat cash throughout a number of chains. In whole, there are over 19 cryptos with ‘Shiba’ of their names.

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