⭐Shiba Inu wallets exceed 1.5 million⭐
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The number of wallets holding Shiba Inu (SHIB) has surpassed 1.5 million. This milestone indicates the sustained interest and growing adoption of the meme coin since its launch in August 2020.
Key Points:
Holder Growth: Data from Etherscan on May 9, 2025, showed the total number of wallets holding Shiba Inu was 1,507,445, an increase since Lucie, Shiba Inu's marketing lead, announced the milestone of 1.5 million holders.
Transaction Volume: The total number of transactions on the Shiba Inu contract has also exceeded 15 million, reaching almost 15.5 million.
Community Support: The increasing number of holders demonstrates the strong community backing and ongoing adoption of Shiba Inu.
Market Impact: A large holder base can contribute to decreased market volatility due to a broader distribution of assets, making it more resistant to large sell-offs.
Ecosystem Development: The Shiba Inu team continues to focus on expanding the ecosystem, including layer-2 scaling solutions and decentralized applications, which could further drive adoption. Initiatives like the SHIB burn strategy aim to reduce the token supply and potentially increase its long-term value.
Caution Against Scams: The Shiba Inu community has been warned about fake versions of ShibaSwap and other scams, emphasizing the need for users to be vigilant and verify website URLs.
This milestone reflects the Shiba Inu community's enthusiasm and the project's continued development efforts within the cryptocurrency space.