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Shiba Inu is seeing impressive growth in onchain activity as its network continues to show strength, sparking optimism among investors. On Saturday, April 25, the Shiba Inu team shared data revealing that SHIB's total holder count climbed to about 1.58 million between April 18 and April 25. Shiba Inu sees growing adoption The surge in the SHIB holder count shows that an additional 10,000 new wallets were added to the ecosystem within just 3 days, signaling growing demand among both retail and institutional investors. Notably, the team specifically revealed that the increases recorded in a single day saw nearly 5,000 new addresses added within just 24 hours. SHIB whales activate Amid the rising on-chain activity seen in the past three days, SHIB large holders have also remained active over the period, signaling renewed interest among the SHIB whales. The team revealed that large transactions involving wallets carrying at least $100,000 worth of tokens have increased by about 6-7% over the period. This suggests that high-profile investors and institutions are actively participating in the Shiba Inu ecosystem as adoption continues to grow.
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