Shiba Inu On-Chain Data Reveals Steady Growth in Holders Amid Price Consolidation

The Shiba Inu ecosystem has experienced steady growth in terms of holder participation, with over 1.55 million wallets currently holding the cryptocurrency. According to on-chain data, this represents a consistent increase in user engagement and adoption.

One notable trend is the addition of new wallets each month, with between 5,000 and 12,000 new wallets being added over the past few months. This suggests that retail participation continues to build, despite the broader market conditions.

The data also shows that long-term holding remains dominant, with approximately 78% of wallets holding their positions for more than one year. In contrast, exchange balances have been trending lower, indicating a shift away from readily available assets and towards private storage or self-custody wallets.