As the cryptocurrency market experiences a full recovery, Shiba Inu's adoption continues to rise, with its price stabilizing above $0.000006.
On Saturday, April 25, the Shiba Inu team shared that... data shows that the total number of SHIB holders rose to approximately 1.58 million between April 18 and April 25.
The acceptance of Shiba Inu is increasing.
The surge in the number of SHIB holders indicates that 10,000 new wallets were added to the ecosystem in just three days, signaling growing demand from both retail and institutional investors.
Notably, the team specifically revealed that the number of new addresses added in a single day approached 5,000 within 24 hours.
This reflects continued strong market interest in leading network meme tokens, with their prices beginning to show signs of a potential breakout.
In addition, data shows that the number of active addresses increased by 12% to approximately 3,800, while the average holding period remained at 2.4 years. This indicates that investors tend to hold assets long-term rather than engage in short-term trading.
SHIB whale activated
Amid increasingly active on-chain activity over the past three days, large holders of SHIB have also remained active, indicating renewed interest in SHIB.
The team revealed that during this period, large transactions involving wallets holding tokens worth at least $100,000 increased by approximately 6-7%.
This indicates that as Dogecoin gains popularity, prominent investors and institutions are actively engaging with the Dogecoin ecosystem.