Shiba Inu Outpaces Bitcoin, Ethereum in Long-Term Holder Growth ⋆ ZyCrypto
The post Shiba Inu Outpaces Bitcoin, Ethereum in Long-Term Holder Growth ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     Shiba Inu (SHIB) has outpaced Bitcoin (BTC) and Ethereum (ETH) in the percentage of long-term holders, signaling growing investor confidence in the memecoin. According to blockchain analytics firm IntoTheBlock, as of March 21, 75.8% of SHIB addresses have held their tokens for over 155 days, surpassing Ethereum’s 74.2% and Bitcoin’s 73.3%. This shift suggests that more investors now view SHIB as a long-term asset rather than a short-term speculative play. A closer look at the data reveals a strong trend toward long-term investment in SHIB. Only 2% of holders have owned SHIB for less than a month, while 22% have held it for 1 to 12 months, and 76% for over a year. Among newer cryptocurrencies, SHIB now boasts the longest average holding period at 2.6 years, surpassing Ethereum’s 2.4 years, though Bitcoin still leads at 4.4 years. That said, only Litecoin (LTC) and Chainlink (LINK) have a higher percentage of long-term holders, at 77.7% and 77.5%, respectively. One key driver of SHIB’s long-term appeal is Shibarium, the project’s Layer 2 scaling solution. Adoption of Shibarium has surged, with daily sign-ups skyrocketing over 4,000%, according to data from Shibarium scan. Advertisement   Transaction volumes have also increased significantly, jumping 61% in a month from 2.38 million to 3.82 million. Meanwhile, smart contract deployments have soared 800%, with new contracts rising from 12 to 109 per day. This rapid growth underscores the rising developer interest in building decentralized applications (dApps) on Shibarium, further strengthening the Shiba Inu ecosystem. Beyond network growth, SHIB’s increasing long-term holder base aligns with improving crypto regulations, particularly in the U.S. Recent developments, such as the the establishment of a U.S. crypto research body have also boosted investor confidence, with the SHIB community hopeful SHIB will be added at some point. Speculation is also…
Filed under: News - @ March 29, 2025 2:24 am