 
 
Shiba Inu (SHIB) has hit a remarkable milestone: its holder count has exceeded 1.5 million wallets for the first time ever.
This new all-time high comes amid expanding use cases and growing global adoption, sparking fresh speculation about a potential price breakout in the near future.
According to data from Shib.io, as of Monday, the total number of SHIB holders has reached approximately 1,511,101, reflecting a steady increase, with nearly 3,000 new wallets added in just under two weeks since late May. While the daily addition of holders may seem modest, the overall trend points to sustained interest and expanding community engagement.
LUCIE, Shiba Inu’s ecosystem marketing strategist, celebrated the milestone tweeting, “SHIB HOLDERS HIT NEW ATH! 1,511,101 wallets now hold SHIB — that’s 0.011% of global population. The army is growing. The mission is alive.”
Alongside retail enthusiasm, significant whale activity has been observed. Over the past week, massive transfers of SHIB tokens, totaling roughly 7.5 trillion tokens valued at over $100 million, have been moved into Coinbase Institutional wallets.
 
Notably, such moves could mean big holders are either preparing to sell for profits or rebalance, or that institutions are positioning for long-term involvement. Though motives aren’t clear, this activity shows SHIB’s growing significance beyond meme coin hype.
Elsewhere, the Shiba Inu ecosystem continues to expand. Developments such as Shibarium, a Layer 2 blockchain solution, and emerging decentralized finance (DeFi) applications built around SHIB contribute to a growing real-world use case narrative. These innovations help differentiate SHIB from other meme coins by adding utility and encouraging a more engaged community.
Significant buying volume has also emerged near the $0.000012 to $0.000013 price range, as per data from indicating strong investor interest and a potential support zone. The surge in trading volume by nearly 41% in the past 24 hours points to heightened market activity that could precede a consolidation phase or even a breakout.
Meanwhile, despite the positive adoption signals, one headwind impacting price momentum is a sharp 63% drop in SHIB’s daily token burn rate. This decline in token burns raises concerns about SHIB’s ability to maintain deflationary pressure in the short term.
That said, SHIB’s price action has also shown mixed trends with price trading mostly sideways. After hitting lows of $0.00001204 last Friday, the token recovered slightly over the weekend and was trading at $0.00001254 at press time, reflecting a 0.33% drop in the past 24 hours.
Source: https://zycrypto.com/shiba-inu-army-explodes-1-5m-wallets-now-hold-shib-as-7-5-trillion-shib-move-spark-rocket-hopes/