Shiba Inu holder count inches closer to ATH

Sahana Kiran
Shiba Inu
Source – Unsplash

It seems like Shiba Inu [SHIB] was starting off 2023 on a good note. The network finally gave the community insights about the much-awaited Shibarium update. Shibarium is expected to bring several changes to the SHIB ecosystem, including a possible boost in its price. Ahead of this upgrade, the network was also welcoming new holders.

The total number of addresses in the Shiba Inu network took a major hit towards the end of 2022. However, over the last week of December, this metric sought some respite as more holders veered into the ecosystem.


As seen in the above chart, the total number of unique addresses in the Shiba Inu network hit a monthly high. As of January 3, there are a whopping 1,276,156 holders in the SHIB ecosystem.

Additionally, it should be noted that back in November, the holder count of SHIB hit a high of 1,284,709. Considering its current levels, the asset is speculated to reclaim this level and even move on to 1.3 million holders.

Nearly 200M Shiba Inu set on fire

Alongside this increase in holder count, SHIB’s daily burn witnessed a spike as well. As per a recent tweet by Shibburn, a total of 182,339,090 SHIB tokens were sent to a dead wallet.

This is undoubtedly a big number. However, all of these burned tokens were worth only $1,487. As per the information on the Shibburn website, the two largest portions of Shiba Inu destroyed during the past 24 hours comprised 73,996,550 meme coins which were burned 16 hours ago, and 56,434,834 SHIB burned 14 hours ago.

Furthermore, at press time, the burn rate of SHIB was down by 30.12 percent. The burn barely made an impact on the price of the asset as it continued to trade in the $0.000008188 zone.

The wait for Shibarium is expected to come to an end soon. Following this, the community will likely see a surge in the price of the meme crypto.