shock! Shiba Inu wallet reaches a new high of 1.38 million, SHIB’s next step is a mystery
This breakthrough milestone coincides with the overall performance of SHIB price, which has jumped from $0.00001 to $0.00003 during this period, according to IntoTheBlock.
After CNF’s rigorous review of these data, as of January 8, the Shiba Inu wallet balance increased significantly to 1.38 million, a record high.
By comparison, the balance was less than 1.3 million SHIB at this time last year.
Analysts say this metric is particularly important in assessing ecosystem growth, noting that other alternative metrics, such as "total addresses," may appear to be overstatements.
The data shows that the total number of SHIB addresses surged to 4.54 million, a new record. However, 3.16 million of these addresses have a zero balance.
As of the beginning of 2024, there are 1.28 million addresses with balances, which means that in 2024 alone, 100,000 new wallets with balances will be added, an increase of 750,000 in four years.
Looking at historical trends, the increase is also significant. In August 2021, the total number of wallets with balances was only 630,000.
That compares with a balance of less than 1.3 million SHIB a year ago.
Analysts note that this metric is well suited for assessing the growth of an ecosystem, stressing that alternative metrics like “total addresses” can be overstated.
The total number of SHIB addresses has surged to a record 4.54 million, data shows.
However, it is worth noting that 3.16 million of these addresses have a zero balance.
This shows that in 2024 alone, 100,000 new wallets with balances will be added, and the number of addresses has grown by 750,000 in four years.
At press time, SHIB was trading at $0.00002176, down 5% in the past 24 hours and 28% in the past 30 days.
