Shiba Inu Surpasses Milestone: 3.54 Million Wallet Addresses Set New Record

Key Points:

• Shiba Inu achieves a record-breaking 3.54 million wallet addresses, signaling a surge in activity and engagement, with a 14.18% weekly increase.
• SHIB’s rising popularity is fueled by the imminent launch of Shibarium’s layer2 solution, leading to increased holdings and community excitement, while crypto exchange KuCoin hints at a potential launch this week.

Shiba Inu (SHIB) has achieved an impressive feat, reaching an all-time high with a remarkable 3.54 million wallet addresses, indicating a surge in user engagement and activity. 

Crypto analytics platform IntoTheBlock reports this surge, highlighting the significant growth in SHIB’s address count. The activity surrounding SHIB has witnessed a notable uptick, with addresses skyrocketing by an astonishing 14.18% in just the past week. July proved to be a pivotal month, witnessing an exceptional 115% weekly increase in wallet addresses.

Beyond the surge in wallet numbers, the count of non-zero wallets has also reached an all-time peak, registering an impressive 1.24 million. An intriguing development involves a subset of holders, who expanded their SHIB holdings from 100 billion to 1 trillion tokens. Remarkably, this group augmented their SHIB portfolio by a notable 52.65%, valuing between $1 million and $10 million in US dollars.

This surge in SHIB holdings can be attributed to the anticipation surrounding Shiba Inu’s Shibarium, a highly awaited project within the community. After experiencing multiple delays, Shibarium’s layer2 solution is generating significant interest. Crypto exchange KuCoin has fueled these anticipations by hinting at a potential launch in the near future.

KuCoin’s announcement on social media stirred enthusiasm, with the community actively discussing the forthcoming launch of Shibarium. Questions regarding the listing of Shiba Inu’s child tokens, specifically BONE and LEASH, gained traction. BONE, serving as the governance token for Shibarium, has particularly piqued interest among SHIB enthusiasts.

Shiba Inu’s meteoric rise in wallet addresses and increased SHIB holdings reflect the fervor within its community. The impending launch of Shibarium and the potential inclusion of related tokens fuel optimism and speculation, setting the stage for a dynamic period of growth and development for Shiba Inu.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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