Shiba Inu ($SHIB ) is on the rise! 🚀 In the past month, the cryptocurrency has welcomed 7,548 new wallets and seen its price skyrocket by 72%! 📈🎉 This increase has made SHIB increasingly recognized as a strong altcoin in the market.

In the past week, its value has increased by more than 17%, and since the beginning of November, its total increase has reached 72%. 🔥📊 Data from Santiment shows that the Shiba Inu ecosystem is growing, with many new wallets indicating increased user activity.

This trend is also seen in other altcoins such as XRP and Band Protocol (BAND), which recorded 22,357 and 35 new wallets, respectively. 📊💪 Despite the surge in interest, some analysts warn that this could lead to short-term price volatility. 😅

Data from IntoTheBlock shows that Shiba Inu address activity has been on the rise, with new addresses up 62.54% and active addresses up 57.88% in just one week. 📈✨ The number of zero-balance addresses has also increased, indicating a mix of profit-taking and higher liquidity among traders.

Interestingly, inflows from large holders have also been on the rise, with a 4.78% increase in the week and a 1,270.02% surge in November! 💰📈 This shows a strong commitment to the Shiba Inu ecosystem.

Overall, Shiba Inu’s recent growth and performance show growing interest from its community, which could be a good sign for future developments. 🐶💖

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