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The crypto market regains activity, and Shiba Inu benefits from this renewed interest. According to data released by its team, SHIB has just reached a new record number of holders, with a total of 1.585 million wallets, in a context of rising prices and movements towards private wallets. The memecoin thus shows a more visible accumulation phase, while investors reduce their immediate presence on exchange platforms.
In brief
- Shiba Inu has reached a record of 1,585,022 wallets, according to data released by its team.
- The SHIB token price jumped more than 3% in a more favorable market context.
- The network added over 1,100 new wallets in just 24 hours.
- Over 133 billion SHIB left exchange platforms, signaling increased accumulation of the memecoin.
SHIB breaks a new wallets record
Shiba Inu has just made a notable advance with 1,585,022 holders recorded on Wednesday by the Shibarium team. This level marks an all-time high for the ecosystem, which continues to attract new users despite a sometimes irregular recent period. After the volatility observed at the beginning of the year, SHIB has maintained a more favorable momentum, supported by more stable demand.
This advance also comes amid a more active market. The general rise of crypto assets supports interest around tokens with strong communities. In this context, Shiba Inu remains the world’s second-largest meme token by market capitalization. This position strengthens its visibility, even when market sessions remain mixed.
The growth in the number of wallets sends a significant signal. In just 24 hours, the network added more than 1,100 new wallets. This increase does not guarantee a lasting trend, but it shows that SHIB continues to expand its user base.
The memecoin benefits from a return of interest
The record number of holders comes in a context of rising prices. According to released data, the SHIB price increased by more than 3% at the moment the ecosystem crossed this threshold. This evolution accompanies the arrival of new wallets but alone does not explain the entire movement.
For a memecoin, broadening the user base remains a key indicator. It shows that new entrants join the ecosystem when the market becomes more favorable again. However, recent weeks have not always been easy for Shiba Inu. The overall performance still indicates rising demand and steadier interest.
Thus, the memecoin does not depend solely on short-term price variations. Blockchain activity provides another element of interpretation. It allows us to observe holder behavior beyond mere market movements.
SHIB enters a more visible accumulation phase
The Shiba Inu team also noted notable activity on the blockchain. Net flows on exchange platforms have become clearly negative. More than 133 billion SHIB have left these platforms, suggesting a significant transfer to private wallets.
This type of movement often accompanies an accumulation phase. When tokens leave exchanges, immediate selling pressure may decrease. Holders then seem to prefer holding rather than quick resale. For a memecoin, this signal remains important as it sheds light on current investor behavior.
This dynamic also provides a broader reading of the ecosystem. The memecoin Shiba Inu still attracts new wallets, while a major part of its tokens leaves centralized platforms. Thus, SHIB combines two signals: the broadening of its user base and a short-term decrease in available supply.
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Journaliste et rédacteur web passionné par l’univers des cryptomonnaies et des technologies Web3. J’y traite les dernières tendances et actualités afin de proposer un contenu de haute qualité à un large public du secteur.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
