Shiba Inu (SHIB) Breaks New Record, Here's Why It Matters.

Shiba Inu's new milestone holds this key significance

Dog-themed cryptocurrency Shiba Inu (SHIB) has set a completely brand new record, this time in its total number of addresses, which now stands at 3.67 million, per IntoTheBlock data.

Total addresses refer to those that were ever created and, at one point, held a particular crypto asset, including those that still do. This is significant in the long term since it may indicate an increasing holding base. The number of total addresses with a balance has also maintained steady growth, reaching 1.26 million. While the total number of addresses with a balance does not exactly correspond to the number of holders, it provides a useful approximation of the number of people who have a crypto asset. Similarly, in the long term, the total number of addresses with a balance indicates interest in holding and investing in a specific crypto asset.

According to IntoTheBlock data, Shiba Inu has reached new highs in its hodlers', or long-term holders', count. The proportion of this category of Shiba Inu holders is now 74%, the highest since its inception. The percentages of midterm and short-term holders are 24% and 2%, respectively.

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