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Summary
Glassnode data reveals that the Shiba Inu (SHIB) holder count reached an all-time high of over 1.4 million on May 15. Despite market fluctuations, the SHIB Army is experiencing significant growth.
Introduction
On May 15, the Shiba Inu holder count surpassed 1.4 million, showcasing a remarkable increase in the SHIB Army’s size. This growth trend is significant given the recent market conditions affecting SHIB’s value.
Main Points
The number of Shiba Inu holders has been steadily rising, with 76% of them being long-term investors holding SHIB for over a year. Recent statistics from Glassnode indicate a surge in the SHIB community, with the number of wallets holding SHIB balances reaching an all-time high.
Conclusion
The characteristics of Shiba Inu holders reveal a strong presence of long-term investors, with prominent exchanges holding significant amounts of SHIB tokens. The growth in the SHIB Army’s size reflects the ongoing interest in this cryptocurrency despite market fluctuations, pointing towards a potential bullish trend for SHIB.
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