- Shiba Inu wallets crossed 1.5 million, signaling increased adoption — mostly driven by small retail holders under $1,000.
- Despite the wallet milestone, SHIB’s price is still down 17% in the past month, showing a disconnect between adoption and valuation.
- Shibarium activity remains strong, but large whale movements and broader market trends will likely dictate SHIB’s next major price move.
Shiba Inu’s ecosystem just smashed through a major milestone — over 1.5 million wallet addresses now hold SHIB. It’s a headline-grabbing figure that has the market buzzing, yet price-wise, SHIB hasn’t followed the hype. While the growing number of wallets points to adoption on a massive scale, especially among retail users, the token itself has dipped 17% over the last month, despite a small 4% bounce in the past 24 hours. That disconnect is puzzling to many, especially as adoption headlines continue to roll out.
LUCIE, Shibarium’s marketing strategist, emphasized how this wallet growth is reshaping perception. Though it only accounts for about 0.011% of the global population, it marks a shift in mainstream curiosity — if not outright belief — in the meme coin. Still, wallet numbers can be deceiving since one person might own multiple wallets, and not all are active.
Who’s Buying SHIB? Mostly Small Retail Investors
Digging into the data, nearly all SHIB holders — over 93% — have positions under $1,000. Another 6.7% sit between $1,000 and $100,000, and only a tiny 0.16% hold more than that. That’s a clear indicator that the token remains a grassroots favorite, driven by small holders rather than whales. Interestingly, 80% of holders have been in for over a year, signaling a surprising level of patience and long-term commitment among users who might otherwise be labeled speculators.
That said, whale movements still matter. A few large trades can jolt the price, especially during low-volume periods. So even with broad-based adoption, SHIB’s price can still swing based on what just a handful of big players decide to do next.
Shibarium Keeps Rolling, but Price Lags Behind
Shibarium — SHIB’s layer-2 network — continues to handle millions of transactions daily. It’s seen major upgrades too, all aimed at lowering costs and boosting scalability. Still, the price hasn’t kept pace. That underscores a key reality in crypto: Adoption and utility don’t always show up immediately in price charts. Sometimes they quietly build a foundation for the next breakout, sometimes… they just stay buried under market noise.
In the bigger picture, SHIB still ranks as one of the most held meme tokens, right behind DOGE but ahead of many others. Whether this surge in holders leads to a lasting rally or becomes just another data point depends largely on how whales and institutions move in the coming months.
