Meme cryptocurrency Shiba Inu (SHIB) has surged to a price of $0.000044 today, marking an 18% price increase in the last 24 hours.
The price surge has come amid a record-setting one million SHIB holders, announced by the official Shiba Inu Twitter account earlier today.
“Such a proud, and amazing milestone for the ShibArmy. SHIB reaches one million holders,” the account tweeted.
“Today we all cheer, and celebrate this great moment in SHIB’s history,” the team added.
Aside from the one million holder milestone tweeted earlier today, it’s been an eventful month for the Shiba Inu cryptocurrency.
Shiba Inu makes headlines, again
In recent weeks, Shiba Inu has made several headlines.
One example came on November 15, 2021, when Gemini announced that it was adding the rival.
SHIB arrived on Gemini’s shores alongside other notable cryptocurrencies, including the USDC stablecoin, the AUDIO token from streaming platform Audius, and platform SuperRare’s RARE token.
In the month preceding the Gemini listing, SHIB increased dramatically, reaching an all-time high of $0.00008616 on October 28, 2021.
What’s more, SHIB even briefly overtook Dogecoin—the flagship meme cryptocurrency—on two separate occasions between October and this month by overall market cap.
Before making the cut on Gemini, SHIB was listed on in September.
Meme cryptocurrencies have recently attracted regulatory scrutiny in the United Kingdom, with ads for other meme coins like Floki Inu fielding criticism for running “irresponsible” ads on public transport.