Shiba Inu (SHIB) is defying market trends as the number of wallets holding the token surged to an all-time high of 1.38 million, even as major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and XRP continue their downward trajectories. This milestone highlights sustained interest in SHIB despite bearish conditions across the broader crypto market.
Source – FXStreet
The rise in wallet activity comes at a time when leading digital assets are grappling with declining prices and market volatility. While SHIB’s price has remained relatively stable compared to its larger counterparts, this surge in wallet creation signals a growing base of retail investors and potential long-term holders. Analysts suggest that Shiba Inu’s ecosystem developments and community-driven initiatives may be driving the token’s appeal, setting it apart from the struggling crypto heavyweights.
Shiba Inu’s growing wallet count showcases resilience amid uncertain market conditions, reinforcing its position as a standout in the altcoin sector.
