SHIBA INU becomes third most-used token on Ethereum over last 7 days

The meme-inspired cryptocurrency SHIBA INU (SHIB) has become the third most used token on the Ethereum network after only two major stablecoins, USDT and USDC, as holders are becoming more active, even amid negative price action.

According to data from Ethereum blockchain explorer Etherscan, SHIBA INU had over 78,000 unique users over the last 7 days, while Tether’s USDT had 485,900 and the Centre Consortium’s USDC had 232,300.