Shiba Inu (SHIB) has hit a new record with an all-time high number of addresses, according to statistics from IntoTheBlock. The well-known memecoin currently has 3.54 million addresses, according to the crypto analysis portal. Addresses increased by 14.18% last week, indicating a jump in SHIB activity. Particularly in July, there was a sharp increase in the number of addresses, growing by 115% weekly at one point.
Additionally, non-zero wallets have surpassed 1.24 million, which is a record high. The increase in wallet holdings of 100 billion to 1 trillion Shiba Inu tokens is another intriguing trend. This group of investors increased their SHIB portfolio by 52.6 percent. This group’s SHIB holdings range from $1 million to $10 million in US dollars.
There may have been an increase in addresses because of rumors that the Shiba Inu network’s Shibarium would shortly go live. After being continually delayed, Shibarium is one of the most anticipated releases in the cryptocurrency sector this year.
Related Reading: Shiba Inu Community Burns Over 1.16 Billion SHIB in a Week, Showing 282% Surge in Burn Rate
Is Shibarium Sure to go Live this Week?
KuCoin, a well-known cryptocurrency exchange, has announced on X, formerly known as Twitter that Shibarium may become available this week. The question in the correspondence inquired if the community was “pawsitive” for SHIB.
When the exchange would list the Shiba Inu (SHIB) progeny tokens BONE and LEASH, SHIB’s official X handle reposted the tweet. Shibarium’s governance token is expected to be the BONE token.
The SHIB community believes that a cryptic image posted by KuCoin may be a hint that the exchange will list BONE and LEASH on the 15th or 16th. Despite numerous reports, we do not yet know the precise date of Shibarium’s release. SHIB was trading at $0.00001029 at the time of publication, up 0.24% over the previous day.
Shiba Inu is up 0.24% in the last 24 hours. Source: CoinMarketCap
