Investors Start to Withdraw Shiba Inu Token

Over the past 24 hours, the price of the Shiba Inu Token (SHIB) has fallen by 3.85% to $0.00002305.

Against the backdrop of winter sales and a fall in the value of the altcoin, the number of its holders has started to decline.

According to CoinMarketCap, the number of wallets with different amounts of SHIB decreased on March 17-18 from 1,199,452 to 1,166,620. The withdrawal of investors from the asset has been observed over the past few months.

In parallel, the activity of SHIB addresses is falling. The average daily number of crypto transactions has fallen by 9.7% since the beginning of January from 288,267 to 257,002.

According to data from Google Trends, interest in this token is also falling. Notably, searches related to Shiba Inu have crashed by 97% since last November.

Almost 80% of the total cryptocurrency supply is controlled by large investors.