The #shiba⚡ Inu ecosystem continues to grow, having added about 840,000 addresses over the past year alone. 

Notably, the recent growth feat comes amid a year of mixed performance from the meme coin, with 2024 bringing it closer to its all-time high than previous years. For context, SHIB managed to reach a peak of $0.000045 in March 2024, with just a 96.5% extra increase to reclaim the 2021 all-time high of $0.00008845. 

Shiba Inu eventually lost this position, and despite the market-wide uptrend in Q4 2024, the asset failed to recover the yearly peak. Now, SHIB has dropped below the $0.00002 psychological territory, now battling the bears at the $0.000015 region.

Shiba Inu Added 840K Over the Past Year

Despite the price struggles throughout 2024 following the drop from $0.000045, on-chain data shows that Shiba Inu continued to witness address growth. According to data from IntoTheBlock, Shiba Inu had a total of 3.8 million addresses on Feb. 19, 2024, after welcoming 600,000 addresses from 2023.

Interestingly, the latest data indicates that the meme coin now boasts a whopping 4.64 million addresses as of Feb. 19, 2025. This indicates an addition of about 840,000 addresses over the past year. Notably, this increase surpasses what the network observed from 2023 to 2024 by up to 200,000.
Nonetheless, it is important to note that most of this uptick in total addresses came from an increase in addresses holding zero balance. For context, this tier of addresses surged from 2.5 million to 3.26 million over the past year. Meanwhile, those with balances increased from 1.29 million to 1.39 million within the same timeframe.
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