The Shiba Inu network has experienced substantial growth over the past year, with the total number of addresses increasing by approximately 840,000. This expansion highlights the ongoing interest in the meme coin despite a year of fluctuating market performance.
Address Growth Amid Market Volatility
Shiba Inu saw a significant increase in millionaires and wallet addresses even as its price faced challenges throughout 2024. Data from IntoTheBlock reveals that the total number of SHIB addresses stood at 3.8 million as of February 19, 2024. Over the following year, this figure grew to 4.64 million, reflecting a net addition of 840,000 addresses.
This growth rate surpasses the previous year’s increase when the network added 600,000 addresses between 2023 and 2024. However, a large portion of the newly created addresses hold zero tokens, indicating that while adoption is rising, not all new participants are actively investing in the asset.
Increase in Active and Inactive Addresses
Breaking down the data further, addresses without any SHIB balance saw a notable surge, climbing from 2.5 million in 2024 to 3.26 million in 2025. Meanwhile, wallets holding a positive balance increased more modestly, growing from 1.29 million to 1.39 million. This means that out of the 840,000 new addresses, only 100,000 are actively holding SHIB.
Despite the slower growth in active wallets compared to inactive ones, the increase in holders remains a positive indicator for the ecosystem. It suggests that while many may be creating wallets out of curiosity or for potential future use, a steady number of investors continue to acquire and retain the token.
Long-Term Holding Trends Strengthen
Further insights into holding patterns reveal that all categories of SHIB holders have expanded. Long-term investors, classified as those holding SHIB for over a year, grew from 1.03 million to 1.06 million. Mid-term holders, those who have held the asset for one to twelve months, rose from 280,100 to 327,770. Additionally, short-term traders—those who have held SHIB for less than a month—increased from 25,720 to 44,280.
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These increases across all tiers indicate continued engagement with Shiba Inu, with a growing number of investors choosing to hold onto their assets despite market fluctuations. The steady rise in long-term holders suggests that confidence in SHIB’s potential remains strong, even as its price faces volatility.
Price Performance
Despite the address growth, the token’s price performance in 2024 was mixed. The token reached a yearly high of $0.000045 in March, marking a significant rebound toward its 2021 all-time high of $0.00008845. However, it struggled to maintain this momentum and eventually declined.
Even with broader market upswings in the fourth quarter of 2024, SHIB failed to recover its peak price. The asset has since dropped below the $0.00002 mark and is currently trading around $0.00001554.
While price action remains uncertain, the consistent rise in wallet addresses and holder distribution indicates that interest in Shiba Inu persists. Whether this translates into long-term price stability or future gains will depend on broader market conditions and ongoing developments within the ecosystem.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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