On April 22, Lucy, the CEO of Shiba Inu, announced a significant achievement for the community through an X post, showcasing the steady growth of the dog-themed token since its launch in late 2020.
According to the post, the Shiba Inu (SHIB) token, built on the Ethereum blockchain, has now surpassed 1,508,012 on-chain holders, a significant achievement that highlights the ongoing interest from long-time supporters and new users.
This achievement coincides with a broader rise in the cryptocurrency market, which has seen the global market cap increase by 4.16%, alongside a 17.60% rise in trading volume, according to CoinMarketCap data.
With Bitcoin leading the market, most altcoins followed with notable gains. The SHIB token recorded a strong price increase of 6.23%, and its trading volume rose by 22.02%, reflecting the increasing momentum. At the time of writing, the price of SHIB is $0.00001310, a level last touched on April 1.
15.3 million transfers shocked the SHIB system
Along with its growing customer base, the SHIB network recently achieved another significant milestone: 15,360,568 total transfers. This surge in network activity highlights the active participation of the SHIB community in transferring tokens between wallets, exchanges, and decentralized finance (DeFi) protocols.
Much of this growth can be attributed to the SHIB team's ongoing focus on expansion efforts, including initiatives like the SHIB burn strategy, aimed at enhancing the token's long-term value by reducing supply.
Lucy praised the progress of the SHIB community, hinting at the next big goal of two million holders, a number that many believe is within reach given the current momentum. The community's reactions to Lucy's post were extremely positive, with many users expressing confidence in SHIB's continued growth.
In the same post, Lucy issued a warning to investors, cautioning them about counterfeit tokens and project copies.
Thanks to strong on-chain activity, stable price movement, and increasing community engagement, SHIB is attracting attention once again.
As reported by U.Today, popular technical indicators suggest that Shiba Inu may be on the verge of achieving a 100% breakout, boosting optimism among investors.