Over the past year, Shiba Inu has experienced notable changes in its holder demographics, marked by a significant rise in the number of millionaire addresses. Despite recent market fluctuations, data reveals that high-value investors have continued to accumulate SHIB, coinciding with a 53.65% increase in its price.
Rise in High-Value Addresses
In a year, the number of addresses holding at least $1 million worth of SHIB grew from 589 to 947, an increase of 358 millionaire holders. Additionally, the number of addresses holding $10 million or more in SHIB rose from 59 to 69. This growth suggests heightened interest and activity among large investors, often referred to as “whales,” and possibly institutional players.
The surge in millionaire addresses aligns with the token’s price appreciation over the same period. In February 2024, the digital asset was priced at approximately $0.000010. By February 2025, it had climbed to $0.000016, marking a 53.65% increase. At its peak in March 2024, when SHIB reached $0.000045, the number of millionaire addresses was 1,520. Although the count has since declined, it remains significantly higher than a year ago, reflecting continued interest from high-value investors.
This trend indicates that both price appreciation and strategic accumulation by large holders have contributed to the rise in millionaire addresses.
Shifts in Ownership and Holding Patterns
Data also shows notable changes in ownership patterns and holding durations among SHIB investors. Long-term holders—those who have held SHIB for over a year—have increased by 1.29% since mid-2022. This steady growth suggests a shift toward long-term investment strategies.
Mid-term holders, defined as those holding SHIB for one to twelve months, saw an 11.79% increase. This rise indicates that more investors are transitioning from short-term trading to a holding approach. On the other hand, short-term traders (less than one month) dropped sharply by 59.05%, signaling a significant decline in speculative activity within the market.
Recent data also highlights changes in investor concentration. Over the last 30 days, whale holdings have increased by 0.54%, while mid-tier investors declined by 0.58%. Retail participation, measured by the percentage of small investors, fell by 0.85%, reflecting a reduced presence of smaller players in the market. This pattern suggests that larger investors are accumulating more SHIB while smaller holders exit their positions.
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Decline in New Addresses
Despite the increased accumulation by high-value investors, Shiba Inu’s adoption rate among new addresses has reached a multi-year low. According to data from IntoTheBlock, the percentage of transactions initiated by new addresses dropped to 12.73% as of February 2025. Since January 2025, this metric has ranged between 27% and 48%, indicating a decline in new user adoption.
The slowdown in new addresses suggests that while existing investors continue to accumulate, the broader market may be seeing reduced interest from new participants. This could reflect changing market dynamics or a shift in focus among retail investors.
Shiba Inu’s market dynamics over the past year highlight significant growth in high-value holdings and a shift toward long-term investment strategies among large investors. The increase in millionaire addresses underscores the sustained interest in the asset despite recent price fluctuations. However, the decline in new user adoption presents a potential challenge for the token’s long-term growth.
Overall, the data indicates that the token remains attractive to major investors, even as retail interest wanes. Continued ecosystem development and market performance will likely influence whether the token can maintain its momentum and attract new participants in the coming months.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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