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Shiba Inu, the world’s second largest meme token by market capitalization, has continued to show rapid expansion in its holder count as market momentum turns more bullish.
The asset has seen rising demand and investor optimism after breaking out from the prolonged volatility earlier this year and maintaining steady upward momentum. While performance over the past few weeks has not been uniformly positive, the broader trend indicates increasing demand and the continued addition of new holders to its ecosystem.
On Wednesday, May 6, the Shiba Inu team reported a new milestone: the token’s holder count hit 1,585,022, setting a record for the ecosystem.
