Shiba Inu Reaches 1.5 Million Holders and 10 Million Shibarium Blocks
The Shiba Inu ecosystem has reached two significant milestones, indicating persistent interest in the token. Analysts report that Shiba Inu now has 1.5 million holders and its Shibarium network has surpassed 10 million blocks.
1.5 Million SHIB Holders
- Shiba Inu achieved 1.5 million on-chain holders as of March 18.
- Approximately 843 new holders joined recently, reflecting ongoing trader interest.
- This milestone may suggest strong community support for the token.
10 Million Blocks For Shibarium
- Shibarium's Ethereum Layer 2 network surpassed 10 million blocks, reaching about 10,010,974 blocks.
- The growth indicates network reliability and may attract new users.
- Total addresses on Shibarium have grown to nearly 175 million.
- Shibarium has burned around 713 million SHIB tokens, which could influence price dynamics.
Market Performance
- Shiba Inu has seen a 68% decline over four months, dropping from $0.00003343 to $0.00001082.
- Currently trading at $0.00001288, down by 0.2% in the last 24 hours, with a market cap exceeding $7.5 billion.
- Concerns exist regarding Shiba Inu's performance compared to competitors like Dogecoin.