Shiba Inu (SHIB) has reached an adoption milestone by surpassing the 1-million-holders mark — even though the memecoin is trading fifty% below its all-time loftier.

News of the milestone and daily price increases has energized the Shiba Inu community since the official Shiba Inu Twitter account tweeted a shoutout belatedly on Thursday.

Since the project reached this milestone, the price has jumped upwards eleven.4% over the past 24 hours, with SHIB now trading at $0.00004237 according to CoinGecko. There are ane,002,021 SHIB holders, co-ordinate to data from Etherscan.

Despite the recent price increase, SHIB is still trading well below its October. 28 peak of $0.00008190, possibly due to SHIB whales taking profits.

In that location's plenty going on in the Shiba Inu world. Bitfinex Derivatives listed SHIB with Tether (USDT)-paired perpetual contracts for trading on Tuesday.

And South Korean exchange Korbit has been accepting deposits, and SHIB was scheduled to first trading at three am UTC. This makes Korbit the first Korean exchange to list Shiba Inu.

Dogecoin (DOGE) is currently the only other memecoin available to merchandise on the large four exchanges that yet operate legally in Due south Korea — Upbit, Bithumb, Coinone and Korbit.

Korbit has the opportunity to list new tokens paired with the Korean won, as it was one of the few exchanges in Korea to accept come into full compliance past Sept. 24 with new rules designed to combat money laundering.

Related: Shiba Inu slump continues: Data shows retail interest waning as SHIB down 60% in four weeks

DOGE is South korea'due south fifth-well-nigh traded crypto by trade book. DOGE has been very popular in Korea since 2022 when the state was gripped by initial coin offering fever and cryptocurrencies traded at a premium compared to global prices — known as the "Kim Chi Premium." It remains to exist seen whether the addition of more memecoins such equally Shiba Inu could lead to some other speculative frenzy.

SHIB is one of the well-nigh pop memecoins on the market today, behind simply DOGE. Both are amid the elevation 15 cryptocurrencies past market capitalization. Inspired past DOGE, SHIB itself has many copycat coins across several chains. In total, at that place are over 19 cryptos with "Shiba" in their names.