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Shiba Inu

<ul>
 <li>Glassnode data reveals that the Shiba Inu (SHIB) holder count reached an all-time high of over 1.4 million on May 15.</li>
 <li>The number of Shiba Inu holders has been steadily increasing despite the downturn in SHIB’s market value.</li>
 <li>Most Shiba Inu holders are long-term investors, with 76% holding SHIB for over a year.</li>
</ul>
Recent statistics from the market analytics platform Glassnode reveal that the SHIB community, known as the SHIB Army, has experienced significant growth over the past year. The data shows that the number of wallets holding non-zero SHIB balances reached an all-time high just six days ago.
<h2 class="wp-block-heading" id="h-shiba-inu-army-expands-by-100k-members">Shiba Inu Army Expands by 100K Members</h2>
On May 15, the number of <a href="https://thenewscrypto.com/?s=Shiba+Inu" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu</a> holders surpassed 1.4 million, marking the highest point since the cryptocurrency’s inception.
Although the holder count has slightly regressed to 1,391,806 at the time of writing, the current figures indicate that the SHIB Army has grown by nearly 100,000 members in the span of one year. In comparison, the Shiba Inu Army’s strength was approximately 1.29 million last year.
<figure class="wp-block-image size-full"><img decoding="async" width="1024" height="576" src="https://thenewscrypto.com/wp-content/uploads/2024/05/image-110.png" alt="" class="wp-image-98779" srcset="https://thenewscrypto.com/wp-content/uploads/2024/05/image-110.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/05/image-110-300x169.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/05/image-110-768x432.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/05/image-110-376x212.png 376w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
Remarkably, the trajectory of Shiba Inu’s holder count has been on a steady uptrend over the past months, despite the downturn in SHIB’s market value. Interestingly, when SHIB’s price experienced an explosive rally in early March and late February, the number of holders remained relatively stable, with a slight dip observed during the upswing, as illustrated in Glassnode’s chart.
To put the Shiba Inu Army’s size into perspective, the current number of holders exceeds the individual population count of 104 cities in the United States.
<h2 class="wp-block-heading" id="h-characteristics-of-shiba-inu-holders">Characteristics of Shiba Inu Holders</h2>
According to data from the market intelligence platform IntoTheBlock, the majority of SHIB holders are long-term investors, with 76% holding SHIB for over a year.
In contrast, 21% of SHIB holders acquired the asset within the last 12 months, while only 3% of the holder spectrum consists of those who entered the SHIB market within the last 30 days.
Notably, the largest Shiba Inu holders are wallets associated with centralized exchanges. Crypto.com tops the chart, with one of its wallets holding over 36 trillion SHIB tokens. Binance follows closely, with one of its cold storage wallets containing 35 trillion SHIB.
These figures demonstrate that SHIB enthusiasts continue to entrust trillions of tokens to prominent trading platforms. However, data has shown that the SHIB wallet reserves of exchanges are gradually diminishing, which could have bullish implications for the asset.

Shiba Inu Army Grows by 100K Members in One Year Despite Market Downturn

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