One million Shiba Inu users can’t be wrong… is it?

Shiba Inu (SHIB) reached the adoption milestone with more than 1 million holders – although the trading price of memecoin is 50% below its historical high.

Since the release of Shiba Inu’s official Twitter account, news of milestones and daily price increases have breathed life into the Shiba Inu community Tweet The yelling late on November 25th.

Since the project reached this milestone, the price has increased by 11.4% in the past 24 hours. According to SHIB, the current transaction price is $0.00004237 Gingerko. According to SHIB data, there are 1,002,021 holders Ethernet scanner.

Despite the recent price increase, the trading price of SHIB is still well below its October 28 peak of $0.00008190, which may be due to SHIB Whale takes a profit.

Many things have happened in the world of Shib Inu. Bitfinex derivatives Listed The perpetual contract paired between SHIB and Tether (USDT) will be traded on November 23.

The Korean exchange Korbit has been accepting deposits and SHIB It was originally scheduled to start trading at 3 a.m. UTC. This makes Korbit the first Korean exchange to list Shiba Inu.

Dogecoin (dog) Is the only other memecoin that can be traded among the four major exchanges still legally operating in South Korea: Upbit, Bithumb, Coinone and Korbit.

Korbit has the opportunity to list new tokens that are paired with the Korean Won (KRW) because it is one of the few exchanges in South Korea Fully compliant As of September 24, the new rules are aimed at combating money laundering.

related: Shiba Inu continues to be in the doldrums: data shows that retail interest has weakened as SHIB has fallen by 60% in 4 weeks

DOGE is from Korea fifth Trade cryptocurrencies based on transaction volume. Since the country was hit by the ICO boom in 2017 and the trading price of cryptocurrencies was higher than the global price (known as the “Gold Chi Premium”), DOGE has been very popular in South Korea. It remains to be seen whether adding more memecoins such as Shiba Inu will lead to another speculative frenzy.

SHIB is one of the most popular memetic coins in the market today, second only to DOGE. In terms of market capitalization, both are among the top 15 cryptocurrencies. Inspired by DOGE, SHIB itself has many altcoins on multiple chains. In total, there are more than 19 types of passwords with the name “Shiba”.