Based on data provided by IntoTheBlock, Shiba Inu (SHIB) has achieved a new milestone by reaching a record-breaking number of addresses, marking an all-time high. According to the analysis conducted on the cryptocurrency platform, the well-known memecoin currently boasts a total of 3.54 million addresses. Notably, SHIB is currently experiencing a notable surge in its level of activity, as evidenced by a substantial 14.18% increase in addresses over the past week. The month of July, in particular, witnessed a remarkable upswing in address numbers, showcasing a remarkable 115% growth rate over the course of a single week. Furthermore, the quantity of wallets containing non-zero balances has also hit an unprecedented peak of 1.24 million.
A particularly intriguing trend to note is the upsurge in holdings within the range of 100 billion to 1 trillion Shiba Inu tokens. Investors within this bracket have remarkably expanded their SHIB portfolios by an impressive 52.65%. In terms of United States Dollars, this specific group now holds SHIB assets valued between $1 million and $10 million.
The increase in the number of addresses can potentially be linked to speculations surrounding the imminent launch of Shiba Inu’s Shibarium network. Shibarium’s unveiling has garnered significant anticipation within the cryptocurrency sector throughout this year, following multiple delays.
Shiba Inu’s Shibarium Launch: Will the Wait Finally End This Week?
Leading cryptocurrency exchange KuCoin has utilized the platform X (formerly known as Twitter) to make an announcement regarding the potential launch of Shibarium, indicating that it might become available at some point within the current week. The exchange engaged the community by playfully inquiring if they held a positive outlook, or were “pawsitive,” about SHIB. This message was shared by SHIB’s official X account, which subsequently posed a question to KuCoin about the possible listing dates for Shiba Inu’s offspring tokens, BONE and LEASH. Notably, the BONE token is slated to serve as the governance token for the Shibarium platform.
Interestingly, KuCoin has also unveiled a somewhat enigmatic image, prompting speculation within the SHIB community that it could be a subtle suggestion regarding the listing of BONE and LEASH on either the 15th or 16th of the month. Despite the prevailing rumors, a precise launch date for Shibarium remains elusive at this juncture. As of the current moment, SHIB is being traded at $0.00001029, experiencing a 3.5% decline over the past 24 hours.