On April 7th, as the number of holders of Shiba Inu (SHIB) continued to decline, the number of transactions on its network also decreased significantly.
According to statistics from blockchain analysis website bloxy.info, the total number of SHIB transactions dropped significantly from 2,666,943 in Q4 2021 to 870,164 in Q1 2022, a drop of 67.37%.
Finbold reported that SHIB lost more than 60,000 holders in a two-week period in March due to reduced demand for the token, and as things stand, the number continues to decrease.