A significant Shiba Inu indicator has caught the market's attention after hitting an all-time high, with the number of wallets rapidly exceeding 1.5 million holders. The price of Shiba Inu has experienced volatility across several key market segments, and investors are monitoring whale activity patterns. The increasing number of Shiba Inu wallets has driven the growing adoption of cryptocurrencies at this time.
Also read: Shiba Inu: 3 reasons why SHIB could surpass Dogecoin by 2030
Portfolio growth, whale movements, adoption, and the price increase of Shiba Inu
Record figures revolutionize the market
The marketing strategist for Shibarium, LUCIE, stated that the number of SHIB wallet addresses has reached a new unprecedented historical record. The more than 1.5 million wallets, a historic milestone, represent only 0.011% of the global population, changing the attitude of investors in different key sectors of cryptocurrencies.
The surge in wallets has been driven by sustained investor interest, although individual users may hold multiple wallets. Despite this record metric, the price performance of Shiba Inu has not accelerated at the pace of these adoption figures.
At the time of writing this article, SHIB is down 17% over the last 30 days, even after experiencing a daily recovery of 4%. The discrepancy between the growth in the number of wallets and the price action illustrates the complex relationship between adoption metrics and market valuation across multiple cryptocurrency segments.
Retail investors are pioneers in growth
The analysis reveals that retail investors have led the dominance of the ecosystem through various key engagement strategies. According to data from CoinMarketCap, more than 93% of SHIB holders have leveraged positions below $1000 in the token. An additional 6.7% have optimized positions valued between $1000 and $100,000, while only 0.16% hold positions above $100,000.
