Shiba Inu statistics from the market analytics platform Glassnode reveals that the SHIB Army has increased by approximately 100K members since last year.
Recently published data from Glassnode shows that the number of wallets with non-zero Shiba Inu balances peaked just six days ago.
Shiba Inu Army Expanded by 100K
Specifically, on May 15, Shiba Inu’s holder count exceeded 1.4 million, an all-time high since its inception. Meanwhile, the number of Shiba Inu holders has regressed slightly, reaching 1,391,806 at press time.
Despite wallet addresses with non-zero balances being below the all-time high set last Wednesday, the current numbers suggest that the SHIB Army expanded by almost 100,000 in one year. Notably, the Shiba Inu Army’s strength was around 1.29 million last year.
This trajectory has been on a steady uptrend over the past months despite the downturn in SHIB’s market value. When Shiba Inu’s price set out with an explosive rally in early March and late February, the number of holders barely bulged. Interestingly, the metric even dipped slightly during the upswing, as illustrated in Glassnode’s chart.
Remarkably, the current number of Shiba Inu holders exceeds the individual population count of 104 cities in the United States.
Holders of SHIB
Data from the market intelligence platform IntoTheBlock suggests that most Shiba Inu holders are long-term investors, with 76% holding SHIB for over a year.
On the other hand, 21% of SHIB holders bought the asset within the last 12 months. Only 3% of the holder spectrum comprises those who joined the SHIB market within the last 30 days.
Notably, the leading Shiba Inu holders are wallets of centralized exchanges. Topping the chart is Crypto.Com, where one of its wallets holds over 36 trillion SHIB tokens. One of Binance’s cold storages followed closely with 35 trillion SHIB.
Essentially, SHIB enthusiasts continue to entrust trillions of tokens with these prominent trading platforms. Yet, data has shown that the Shiba Inu wallet reserves of exchanges continue to diminish, which has bullish implications for the asset.
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