Shiba Inu Surges Remarkably, Welcoming 7,548 New Wallets

Shiba Inu (SHIB) has recorded a notable growth recently, with an increase of 7,548 new wallets joining its ecosystem. Over the past month, the price of SHIB has risen by 72%, and one of the main driving factors is the increase in users participating in this network. The current price of SHIB is approximately $0.00002485, and it previously reached a new peak of $0.000027, leading to an increase in market capitalization to over $14 billion.

Additionally, fundraising activities within the SHIB community are also being strongly promoted, as information from Puppyscan indicates that the total number of wallet addresses connected to the Shiba Inu network has surpassed 16 million. Although the current MVRV ratio shows that many holders are in profit, the accumulation by whales remains modest, indicating that they are cautious and not completely confident in the ability to sustain this price uptrend. If this trend continues, SHIB may continue to face challenges in maintaining its growth momentum.