Friday, June 21, 2024
HomeCryptocurrencyShiba Inu (SHIB) Number of Addresses Reaches New ATH as Community Anticipates...

Shiba Inu (SHIB) Number of Addresses Reaches New ATH as Community Anticipates Shibarium Launch

The number of Shiba Inu addresses has reached a new all-time high, as the community anticipates the mainnet launch of Shibarium, the project’s layer-2 blockchain.

According to data from IntoTheBlock, there are now over 3.51 million addresses holding SHIB, up from 3.23 million in May. This represents a 22% increase in just the past week.

Read Also: Shiba Inu (SHIB) and BONE Gain Momentum As Shibarium Launch Nears

Shiba Inu (SHIB) Team Welcomes New Holders

The spike in the number of Shiba Inu addresses has stirred reactions from enthusiasts of the cryptocurrency. The team behind the crypto asset also reacted to the development, tweeting that the community has been growing at “warp speed.”

“We’ve just reached an all-time high in the number of addresses holding SHIB, witnessing a remarkable 22% increase in the past week,” the team said. “Welcome to all new holders!”

Moreover, the number of non-empty Shiba Inu wallets also reached new highs this week. Data from IntoTheBlock shows that a whopping 1.24 million addresses are holding SHIB. This figure accounts for 35.3% of all Shiba Inu holders.

Shibarium Launch Expected to Drive Further Growth

Several factors can be attributed to the influx of new Shiba Inu holders. However, the upcoming launch of Shibarium is likely the biggest driver of growth.

Shibarium is a layer-2 blockchain that is expected to address some of the scalability issues that have plagued the Shiba Inu network in the past. This could make the network more attractive to developers and users, leading to further growth in the number of addresses holding SHIB.

Read Also: Shiba Inu Team Member Reveals Estimated Timeline for Shibarium Mainnet Launch

Shibarium’s lead developer Shytoshi Kusama has hinted that the mainnet launch could take place in mid-August. If this is the case, it could be a major catalyst for the price of Shiba Inu.

<

The number of Shiba Inu addresses has reached a new all-time high, as the community anticipates the mainnet launch of Shibarium. This is a major milestone for the project, and it could lead to further growth in the number of holders and the price of SHIB.


Follow us on Twitter, Facebook, Telegram, and Google News

Adedoyin Aka
Adedoyin Aka
Adedoyin is a graduate of Law and a Crypto & Blockchain expert who strongly believes that Blockchain is the future. At TimesTabloid, she focuses on crypto and blockchain educational content.
RELATED ARTICLES

Latest News & Articles