The Shiba Inu (SHIB) ecosystem is experiencing a considerable development: the number of wallets with balance has reached a new high, with approximately 100,000 new holders joining in 2024.
Record Numbers of Shiba Inu Wallets
According to IntoTheBlock's blockchain analytics, as of January 7, 2024, the number of Shiba Inu wallets with a balance reached 1.38 million. This represents a significant milestone, surpassing last year's figure of less than 1.3 million.
Understanding Wallet Balances
'Wallets with balance' refers to addresses actively holding SHIB tokens. This metric is vital for assessing the ecosystem's health and growth, as it indicates active community participation.
Daily Address Growth in 2024
In 2024, Shiba Inu experienced an average addition of 1,500 new addresses per day. However, this rate spiked dramatically, peaking at 21,290 new addresses on March 5, 2024, coinciding with a price surge to $0.000045.
The Shiba Inu ecosystem has demonstrated substantial growth both in wallet balances and price performance throughout 2024. With 1.38 million wallets holding SHIB tokens and an increase in daily new addresses, the future looks promising for this vibrant community.
