Shiba Inu (SHIB) Wallet Count Hits New All-Time High of 1.38M, Reflecting Growing Ecosystem Interest

Shiba Inu has achieved a significant milestone in its ecosystem, as the number of wallets holding a balance of SHIB tokens has reached a new all-time high.

Shiba Inu (SHIB) has achieved a significant milestone in its ecosystem, as the number of wallets holding a balance of SHIB tokens has reached a new all-time high. According to blockchain analytics resource IntoTheBlock, the total number of Shiba Inu wallets with a balance surged to 1.38 million by January 7, 2025, marking an impressive growth from just under 1.3 million a year ago.

This remarkable increase in wallet activity reflects the growing interest and participation in the Shiba Inu ecosystem, particularly as the price of SHIB has seen notable gains. Throughout 2024, the price of Shiba Inu increased from $0.00001 to around the $0.00003 mark, propelling more investors to engage with the cryptocurrency. The data reveals that the Shiba Inu ecosystem added approximately 100,000 new holders in 2024 alone, demonstrating the rising appeal of this meme coin.

Shiba Inu’s Wallet Growth: A Key Metric of Ecosystem ExpansionFor those unfamiliar with the term, “wallets with balance” refers to those addresses that hold a quantity of Shiba Inu tokens. This metric is a more accurate gauge of the ecosystem’s health, as it indicates active participation from users, as opposed to simply counting “total addresses,” which can be inflated by inactive wallets. As of the beginning of 2024, there were 1.28 million wallets with a balance, and by January 7, that number had climbed to 1.38 million, an all-time high for Shiba Inu.

In addition to this surge in active wallets, the total number of Shiba Inu addresses, including both those with and without tokens, reached an all-time high of 4.54 million. This includes a staggering 3.16 million wallets with zero balance, underscoring the growing recognition of Shiba Inu in the broader cryptocurrency market.

Shiba Inu’s Growth Since Launch: A Rapid ExpansionShiba Inu’s wallet growth story is particularly remarkable when viewed in the context of its journey since launching in August 2020. In its first year, the number of wallets with a balance was still under 1 million, totaling just 630,000 by August 2021. Fast forward to the beginning of 2024, and the ecosystem had already expanded to 1.28 million wallets with balance. By the end of the year, this number had climbed by an additional 100,000 addresses.

This dramatic rise is a reflection of the broader growth trajectory for Shiba Inu, which has gained an increasingly larger user base in a relatively short period. The ecosystem added an average of 1,500 new wallets daily throughout 2024, with a significant surge of new addresses in Q4, coinciding with Shiba Inu’s impressive price run in the latter part of the year.

Impressive Daily Growth and Price SurgeIn Q4 2024, the rate of new wallet creation spiked, with daily new addresses averaging 3,500. This surge is closely tied to Shiba Inu’s price performance, which reached a high of $0.000045 in early March 2024. The excitement surrounding the token’s price surge also led to a peak of 21,290 new addresses on March 5, 2024. After this peak, the daily growth rate stabilized at around 1,500 new addresses per day until the final quarter of the year.

By the end of 2024, Shiba Inu had closed the year with a price of $0.00002114, marking a 104% increase for the year, despite some volatility in December. This surge in price represented the second most bullish year for Shiba Inu since its inception, further fueling the increase in active wallet holders.

The combination of wallet growth and impressive price performance in 2024 highlights the expanding influence and adoption of Shiba Inu, which continues to capture the attention of crypto enthusiasts and investors worldwide.