Here is the Number of Shiba Inu Addresses Holding Trillions Of SHIB for More Than a Year
The post Here is the Number of Shiba Inu Addresses Holding Trillions Of SHIB for More Than a Year appeared on BitcoinEthereumNews.com.
Despite Shiba Inu’s recent price fluctuations, most investors have remained resilient, holding the token for more than a year. The Bitcoin-led relief rally has positively impacted the prices of major assets like Shiba Inu (SHIB). Fresh data from CoinMarketCap shows that SHIB’s price has soared by 5.87% over the past 24 hours to $0.00001542. However, its weekly performance is not impressive, as Shiba Inu’s price has only increased by 2.87% within this timeframe. Further, Shiba Inu has experienced a surge of 23.02% in the past 30 days. However, the canine-themed token is still down 27.1% year-to-date and 37.9% in the past six months. Despite this, investors’ faith in the asset has not declined, with many anticipating a massive price spike in the future. The growing confidence in Shiba Inu is reflected in the number of long-term investors currently backing the token. Addresses Holding 787T SHIB for Over a Year Fresh data from IntoTheBlock (ITB) confirms that there are about 1.45 million Shiba Inu on-chain addresses holding SHIB. Of this amount, 1.13 million addresses are long-term holders who have held Shiba Inu for over a year. Based on the duration of their holdings, ITB labeled them as ‘holders.’ According to the data, these 1.13 million addresses hold a combined 787.39 trillion SHIB tokens, which represents 79.91% of the total 985.3 trillion SHIB held on–chain. The data shows that most Shiba Inu investors are holding the token for the long term. Shiba Inu Addresses by Ownership While IntoTheBlock suggests that 1.13 million addresses hold about 787.39 trillion SHIB tokens, it is worth mentioning that this data comprises both active and inactive tokens, including those in Shiba Inu’s official burn address. The official burn wallet currently holds roughly 410.74 trillion SHIB tokens. Although these tokens have been permanently removed from circulation, they will still…
Filed under: News - @ May 22, 2025 10:27 pm