- SHIB holder count hits an all-time high of 1.51 million, adding nearly 3,000 new wallets since May 24.
- Whale moves 7.5 trillion tokens (worth over $100M) to Coinbase Institutional in three major transactions.
- Retail momentum stays strong amid SHIB ecosystem growth, including Shibarium and expanding DeFi use cases.
Shiba Inu (SHIB), one of the most popular meme coins in the crypto world, has reached a significant new milestone. As of June 7, the total number of on-chain SHIB holders has surged to an all-time high of 1,510,290, according to data shared by X user @Etherscan_SHIB. This marks a major achievement for the token, which continues to gain traction among retail investors worldwide.
Compared to May 24, when SHIB had 1,507,310 holders, the meme coin has added nearly 3,000 new addresses in under two weeks. While the growth may appear modest in absolute terms, the milestone reflects a steady upward trend in Shiba Inu adoption and wallet creation, signaling a healthy and expanding user base.
SHIB Whale Moves 7.5T Tokens to Coinbase
At the same time, significant whale activity has caught the attention of the crypto community. Blockchain monitoring service Whale Alert has detected three massive Shiba Inu transfers, each exceeding 2 trillion tokens, sent to Coinbase Institutional, a platform catering to large-scale investors and institutions.
In just one week, the total amount of SHIB transferred to Coinbase Institutional has reached approximately 7.5 trillion tokens, valued at over $100 million. The most recent transaction occurred just 11 hours ago, moving 2.54 trillion SHIB, worth nearly $31.6 million. Earlier this week, another 2.87 trillion tokens around $36.6 million were also deposited into the same platform, with a similarly large transfer preceding it.
What’s especially noteworthy is that all three transfers originated from wallets labeled “unknown” by Whale Alert. This has fueled speculation that a major SHIB whale could be preparing to liquidate a significant portion of their holdings, possibly to secure profits or rebalance their portfolio amid recent market developments.
Moreover, at the time of writing SHIB is trading at $ 0.00001285 with a 24-hour trading volume of $ 162.30M. The SHIB price increased by 3.37% in the last 24 hours.
Retail Momentum Grows as Shiba Inu Ecosystem Expands
Despite potential selling pressure from whales, Shiba Inu continues to demonstrate strong community-driven momentum. The steady growth in holder count suggests increasing interest in the token ecosystem, which has been expanding through ongoing developments such as Shibarium, and Shiba Inu’s Layer 2 blockchain.
The rise in wallet numbers also reinforces SHIB’s position as more than just a speculative meme token. As use cases in DeFi, gaming, and payments continue to emerge, the token is positioning itself as a long-term contender in the altcoin space.
The convergence of growing retail participation and large-scale institutional whale activity presents both opportunities and risks. While large inflows to Coinbase Institutional may signal potential sell-offs, they could also reflect growing interest from institutional investors looking to enter or rebalance the token positions.
In any case, Shiba Inu’s record-breaking holder count reflects continued growth in adoption and resilience. With a rapidly expanding ecosystem and a passionate global community behind it, the Shiba Inu remains one of the most closely watched assets in the crypto market.
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