Shiba Inu’s Ecosystem Keeps Expanding Shiba Inu (SHIB) has added a massive 840,000 addresses over the past year. This surge highlights growing interest, even with SHIB’s mixed price performance in 2024. Last March, SHIB touched $0.000045, just 96.5% shy of its all-time high of $0.00008845 from 2021. However, it lost momentum and now trades around $0.00001542.
Address Growth Shows Community Confidence According to IntoTheBlock, Shiba Inu had 3.8 million addresses on February 19, 2024. Fast forward a year, and that number has soared to 4.64 million. This 840,000 increase beats the previous year’s growth by 200,000 addresses. Most of the new addresses, about 760,000, hold zero balances. Despite this, active holding addresses still rose by 100,000, a noteworthy feat amid volatile market conditions.
Holder Breakdown: Who’s Holding SHIB? SHIB’s address growth spans all holder categories:
- Hodlers (1+ year): Increased from 1.03M to 1.06M.
- Cruisers (1-12 months): Rose from 280,100 to 327,770.
- Traders (<1 month): Jumped from 25,720 to 44,280.
These numbers show steady confidence across all types of investors. Even short-term traders are engaging more with SHIB, despite the meme coin craze cooling off.
What Does This Mean for SHIB’s Future? Shiba Inu’s growing user base could signal a potential price turnaround. While the price sits below the $0.00002 mark, the community remains active. With a broad holder base, any market uptick could spark renewed momentum. If SHIB recaptures investor enthusiasm, revisiting March 2024’s peak isn’t out of the question.
Bottom Line Shiba Inu’s network expansion, despite price struggles, underscores the community’s resilience. With 4.64 million addresses and growing, SHIB remains a meme coin with serious backing. As adoption increases, eyes stay on whether this growth translates into price gains in 2025.
