Gushiken Yona
The Shib Army is growing. Shiba Inu, the meme-born powerhouse just shattered a new milestone, surpassing 1.5 million holders, a testament to its unwavering community. Meanwhile, 104 trillion SHIB sit comfortably in profit, proving that beyond the memes and moonshot dreams, real value is taking shape.
As Shiba Inu continues to evolve, these numbers tell a bigger story—one of resilience, expansion, and increasing relevance in the crypto space. While skeptics once dismissed SHIB as just another speculative frenzy, its ability to maintain a massive holder base suggests something far more enduring.
What 1.5 Million Holders Mean for Shiba Inu
Data from Etherscan shows that Shiba Inu’s holder count has grown by 0.08%, reaching approximately 1,500,787 holders. This milestone comes despite the recent downturn in the broader crypto market, highlighting the token’s resilience and sustained community interest.
Hitting 1.5 million holders isn’t just a vanity metric but a massive signal of trust, adoption and long-term belief in the ecosystem. Unlike other meme coins that flash in and out of existence, Shiba Inu has cultivated a dedicated and growing community that actively participates in governance, development, and ecosystem expansion.
A larger holder base often correlates with stronger network effects—more users mean greater demand for SHIB-related services, increased liquidity and a more robust decentralized economy.
104 Trillion SHIB in Profit: A Testament to Market Strength
According to data from data science firm IntoTheBlock, 104 trillion SHIB—worth approximately $1.34 billion—are currently in profit, meaning these tokens were acquired at a lower price than their current market value. This data highlights a critical shift: while some still view SHIB as a speculative asset, many holders are sitting on real gains.
Here’s a breakdown of the current Shiba Inu market dynamics:
- In Profit (In the Money): 104.69T SHIB ($1.34B) → 10.63% of total supply
- At Break-Even (At the Money): 34.93T SHIB ($445.5M) → 3.55% of total supply
- At a Loss (Out of the Money): 845.03T SHIB ($10.78B) → 85.82% of total supply
While the majority of SHIB holdings remain out of the money (85.82%), the 104 trillion SHIB currently in profit underscores market resilience and the token’s ability to weather volatility. In an industry where countless projects fade into irrelevance, Shiba Inu’s ability to sustain profitability for a significant portion of its holders reflects its staying power.
Moreover, the large percentage of SHIB held at a loss highlights the unwavering commitment of the Shib Army, a community known for its diamond hands—investors who hold through market cycles with long-term conviction.
Shiba Inu Price Action: A Glimpse into Market Sentiment
As of 8:41 a.m. ET on Wednesday, Shiba Inu was trading at $0.00001272, reflecting a 2% daily increase. This uptick comes amid fluctuating market conditions, signaling resilience despite broader volatility. 24-hour trading volume stood at $140.6 million, indicating steady investor activity and liquidity.
According to data from CoinMarketCap, Shiba Inu’s circulating supply remains at 589.25 trillion SHIB, while its market capitalization has climbed 2% to $7.49 billion. This upward movement suggests that despite macroeconomic headwinds, SHIB continues to attract both retail and institutional interest, reinforcing its position as a leading digital asset in the meme coin space.
Investor sentiment also leans strongly bullish, with 88% of 230.9K votes on CoinMarketCap expressing confidence in SHIB’s trajectory, compared to 12% bearish sentiment. This overwhelming optimism highlights the enduring enthusiasm of the Shib Army, even amid broader market uncertainties.
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Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
