The second largest meme coin asset Shiba Inu (SHIB) thrived with exponential growth throughout the years even through bear markets. As some crypto aficionados bought in during the drastic downswings, others have been in custody of the popular canine crypto for over a year, sailing through the ups and downs of the crypto seas.
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Interestingly, this takes up the majority of holders, as 1.07 million SHIB holders on-chain have active balances of Shiba Inu coins (SHIB) for at least a year. Meanwhile, the number of crypto cruisers, or digital currency enthusiasts who are holding between one month to one year, has also spiked from 255K by the end of 2024 to 328K now.
As the dog-styled crypto community celebrated their 1,500,000th member, it bears mentioning that only 37K are labelled as โtradersโ, meaning accounts with holdings of less than a month old, according to IntoTheBlock’s classification. The strong community-backed Shiba Inu (SHIB) coin stands out from other meme coins as less utilized for speculation, expecting to gain in the longer term.
Consistent Shiba Inu Burns Spark Mini Bounce
Collectively, Shiba Inu coin (SHIB) holders on-chain have nearly 35 trillion SHIB tokens between 59.21K addresses at the current price range between $0.000012 and $0.000013. The territory could be hazardous for the meme coin if $0.000014 is not reclaimed, as this resistance level holds the majority of Shiba Inu (SHIB) tokens and usually serves as a catalyst for bull races.
On top of that, the SHIB Armyโs voluntary Shibarium on-chain burns contribute towards eliminating the over-minted supply, still remaining at 584,34T. While thatโs a massive drop from the original circulating supply of 589.25T, the numbers are still quite high in comparison to competing TOP 20 altcoins. Last week, Shibarium burns set ablaze 713,128,264 Shiba Inu coins to accelerate the weekly SHIB burn rate by 10.02%, as volunteers send SHIB to null crypto addresses.
The utter belief in Shiba Inuโs (SHIB) value beyond a meme coin is also evident in the recently growing Shibarium L2 network use. Shibaโs own blockchain just scorched past the 10,000,000th production block, still sporting a 5 second average block time, completing at least two million transactions on Shibariumโs network since March 16, 2025.
On The Flipside
- Shiba Inu coinโs mini bounce back rally today picked up 3.5% gains in 24 hours, but a short squeeze approaching $0.000013 has settled the canine coin way below the 7-day peak.
Why This Matters
Blue-chip meme coin status on Ethereum and BNB chains has enabled Shiba Inu to work on their own ecosystem and grow a Shibarium community with a sense of belonging for tech & meme enthusiasts.
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