Shiba Inu (SHIB) meme token has managed to break the one million mark and mark an important milestone. Currently, over a million hodlers continue to hold SHIB despite the asset’s decline in value.
Shiba dropped to $0.000057 after ATH level of $0.000088, which caused some users to close their positions. The asset’s value fell 60% from the ATH level.
SHIB is trying to resume its constantly interrupted rally. Despite strong sales pressure, the number of hodlers reached one million.
Looking at the history of Dogecoin and similar meme tokens, it takes more than hype to rise in the long run. Having strong foundations like Ethereum or Solana is crucial for future value.