The SHIB community is steadily growing, and ecological development has entered a new phase.
As one of the most popular meme coins in the crypto market, Shiba Inu has recently achieved two significant milestones:
The number of holders has surpassed 1.5 million, demonstrating sustained market interest in SHIB;
The Shibarium network has surpassed 10 million blocks, reaching a new high for Ethereum Layer 2 expansion.
Although SHIB prices have fallen by 68% over the past four months, the expansion of its ecosystem and the stable growth of its community have kept the market hopeful for its long-term development.
1.5 million SHIB holders: Is the meme coin craze still alive?
Lucie, the marketing head of SHIB, announced on March 18 that the total number of SHIB holders has officially surpassed 1.5 million, which is an important milestone for any cryptocurrency.
The core logic of meme coins is community-driven, and the growth in the number of SHIB holders indicates that investors still have confidence in this ecosystem. At the same time, it reflects that the market's long-term demand for meme coins still exists and has not been destroyed by short-term market adjustments.
Market observers believe that this achievement may mark further maturity of the SHIB community and lay the groundwork for future upward trends.
Shibarium surpasses 10 million blocks, with the L2 network steadily expanding.
Not only is the SHIB ecosystem growing, but its Ethereum Layer 2 network, Shibarium, has also reached a milestone breakthrough:
The number of blocks has exceeded 10 million, showcasing strong on-chain activity;
The total number of addresses is approaching 175 million, accelerating user growth;
Approximately 713 million SHIB have been burned, optimizing the supply-demand relationship.
As an important component of the SHIB ecosystem, Shibarium is responsible for reducing Ethereum transaction costs, improving transaction speed, and handling part of the SHIB token burning mechanism. Its continued growth indicates that, despite significant market fluctuations, the SHIB ecosystem is still developing steadily.
SHIB prices remain sluggish, but are there still opportunities for the future?
Despite SHIB's strong performance in the ecosystem, its price has fallen 68% from its peak of $0.00003343 in December 2024, hitting a low of $0.00001082. In contrast, its competitor Dogecoin (DOGE) rose by 200% after the US presidential election, while SHIB only increased by 98%.
Market Divergence:
The bullish camp believes that with the continued development of Shibarium, the advancement of the SHIB token burning mechanism, and the cyclical recovery of the meme coin market, SHIB still has significant growth potential in the future.
The cautious camp believes that SHIB's current price trend is weaker than major competitors, and the overall meme coin market is still in a volatile phase, with potential risks of correction in the short term.
With SHIB holders surpassing 1.5 million and Shibarium reaching 10 million blocks, these achievements undoubtedly support the long-term development of the SHIB ecosystem. However, the core question for the market remains: when will prices rebound?
If the SHIB ecosystem can further expand in the fields of DeFi, NFT, and even GameFi, and continue to accelerate the burning mechanism, the market may reprice it. However, if it relies solely on community-driven efforts, once the market's FOMO sentiment fades, SHIB's price performance may still come under pressure.
What do you think about SHIB's future potential? Can it usher in a new wave of growth? Feel free to share your thoughts in the comments!
