🔥 Shocking! The balance of Shiba Inu Coin wallet reaches a new high of 1.38 million, and the future trend is difficult to predict!

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According to the latest data from IntoTheBlock, the number of Shiba Inu Coin (SHIB) wallets has exceeded 1.38 million, setting a record high! At the same time, SHIB’s price also experienced significant growth, rising from $0.00001 to $0.00003. According to data review, the number of SHIB wallets increased significantly on January 8, 2024, showing the strong growth of the ecosystem.

📊 The number of wallets has increased significantly and the ecosystem is healthy

At the beginning of 2024, SHIB's wallets with balances reached 1.28 million, an increase of 100,000 from last year, and the number of wallets with balances has increased by 750,000 in the past four years. This growth shows the vigorous development of the SHIB ecosystem. It is worth noting that the total number of SHIB addresses has also exceeded 4.54 million, but 3.16 million of them have zero balances, which means that many accounts are only "sleeping accounts" among currency holders.

💡 Important indicator: wallet balance vs. total number of addresses

Compared to the commonly used metric of “total addresses,” “wallets with balance” more accurately reflects the actual growth of an ecosystem. Although the total number of SHIB addresses has surged, most of these accounts are not active, indicating that part of the growth is due to the increase in small holders or dormant accounts.

📉 Current market conditions

Despite the surge in the number of wallets, SHIB’s price is facing some pressure. Currently, SHIB is trading at $0.00002176, down 5% in the past 24 hours and down 28% in the past 30 days. This means that although the ecosystem is expanding, the market is still subject to price fluctuations.

🔮 The future of SHIB: growth drivers and market challenges

The expansion of SHIB’s ecosystem and user growth bring hope for the future, but the market’s price fluctuations and investor sentiment remain key factors in its movement. Next, whether SHIB can continue to maintain this growth trend will depend on market demand and more practical application developments.

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