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Survey Shows Most Diamond Hands Hold Shiba Inu

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According to 64% of respondents (SHIB) in a survey, holders are still diamond-handling Shiba Inu.

Shiba Inu (SHIB) is securing the spotlight as the most popular meme coin among crypto enthusiasts, as evidenced by an increasing rate of whale accumulation and a recent survey that shows that despite market-wide turmoils, most meme investment advocates are still holding their SHIB bags.

CoinTelegraph, an independent crypto media publication, recently conducted the survey. The media outlet had asked its 1.8 million Twitter followers to choose the meme investment asset they are still diamond handling amid the current bear market in the crypto and stock markets.

Meme stocks AMC Entertainment (AMC) and GameStop (GME) were among the options on the Twitter poll, as were meme coins Dogecoin (DOGE) and Shiba Inu (SHIB). Over 2,600 participants, or 64% of the 4,091 respondents, stated that they still carry their SHIB bags. DOGE, another meme crypto asset, came in second place with 28%. AMC and GME, both meme stocks, finished third and fourth, with 5% and 4%, respectively.

Read Also: Traders Predict a New Low For Shiba Inu (SHIB) in 2023

The comment section was littered with responses expressing support for SHIB, indicating the asset’s enormous popularity. Others took advantage of the opportunity to mention Shiba Inu’s governance token Bone ShibaSwap (BONE), as yet another asset they own.

Shiba Inu’s Popularity is Growing

On December 24, 2021, crypto’s most-referenced price-tracking platform CoinMarketCap released its list of most viewed assets for 2021, with SHIB comfortably on top, with 188M views, 43 million more views than the firstborn crypto Bitcoin (BTC), which secured second with 145M views. Since then, SHIB has grown in popularity.

Related Article: Shiba Inu Ranked as Most Popular Coin of 2022 by Top Indian Exchange

Binance, the world’s largest exchange, ranked SHIB as one of the top three most watched assets this year, alongside BTC and ETH, on December 19.

Meanwhile, amid this surge in popularity, whales have not only held on to their assets but have also begun amassing more SHIB tokens in a sophisticated buy-the-dip frenzy. The 7th largest SHIB whale added more tokens to their bag this week without selling any. Furthermore, despite the bear market, investors who purchased SHIB before April of last year still see at least a 13,700+ profit if they continue to hold.

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