Even Though It’s Still Tanking, SHIB Is The 5th Most Held Token On The Ethereum Network

By the number of holders on the entire network, Shiba Inu (SHIB), the decentralized meme coin built on Ethereum (ETH) as a competitor to Dogecoin (DOGE), is now the fifth-ranking token.

As of November 24, 2021, according to data collected by Finbold, SHIB ranked fifth in terms of holders in the Ethereum network, out of a total of 470,782 ERC-20 tokens tracked by Etherscan.io. The token had a total of 995,285 holders at the time of publication. SHIB is therefore within 5,000 holders…