Coinspeaker
Shiba Inu (SHIB) Total Addresses Hit All-Time High of 4 Million

Popular meme coin Shiba Inu (SHIB) has hit a new record for total addresses, according to data from crypto market intelligence platform IntoTheBlock. The data shows that the total number of SHIB addresses is now 4 million. The milestone indicates increased interest in the memecoin, showing a potential rise in adoption and use cases in the crypto sector.

SHIB Total Count Includes Empty Wallets

The total number of addresses in this case is an all-time count that includes all addresses ever created. This means that the count includes addresses that currently have SHIB, as well as empty wallets.

The count for SHIB addresses with a balance climbed to 1.3 million, according to IntoTheBlock. The SHIB activity is likely bullish because it shows increased participation. This could also lead to an expansion of new cases as merchants, businesses, and corporates may consider SHIB support as interest rises.

Shiba Inu also seems deliberate about its attempt to maintain healthy price action and general value. Data from Shiba Inu burn tracker ShibBurn shows that the ecosystem recently burnt a staggering 135,451,536 tokens in 24 hours, a burn rate of more than 1,344%. The token...