Shiba Inu Crosses 1.6M Addresses as User Base Continues to Grow

The Shiba Inu (SHIB) protocol has reached a historic milestone, crossing a symbolic threshold of 1.6 million addresses despite the global crypto market's uncertainty related to macroeconomic pressures.

Since the beginning of June, 3,464 new wallets have been registered on the network, bringing the total number of holders to 1,590,266 worldwide.

This growth comes as SHIB's price remains under pressure, with a monthly low of $0.00000433 reached on June 6 due to widespread selling pressure across all cryptos.

The expanding user base is seen as a positive sign for the ecosystem, with on-chain data revealing a growing gap between network adoption and short-term price performance.