Shiba Inu data tells a very different story. Shibarium’s latest stats have revealed compelling insights that signal renewed adoption and momentum for Shiba Inu. These bullish statistics show that the SHIB eco-system is always working to improve itself. Data snippets point towards a bullish price recovery. The details are below.
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Shiba Inu: Bullish Data Gives Hopes To Investors
Shibarium has forecast that SHIB’s last week of trading was advantageous. The data from 9-16 April shows a consistent exchange rate marked by $1.24T inflows and reserves as low as $80T. The asset is now under less pressure to sell, which indicates a positive development.
“Total net outflows from centralized exchanges reached approximately 1.24 trillion SHIB during the period. Total SHIB reserves held on exchanges declined to approximately 80.9 trillion, compared to around 166 trillion in 2024. On April 15, more than 229 billion SHIB was transferred from exchange wallets within a 24-hour period.”
SHIB adoption is increasing every day. Whales have accumulated nearly 2.02T SHIB so far, and the top 10 wallets hold 62% of SHIB.
“Large wallet addresses accumulated approximately 2.02 trillion SHIB, valued at roughly 12.16 million USD, since the beginning of April. A significant portion of this accumulation occurred within the last 72 hours. The top 10 wallets collectively hold 62.65 percent of the total SHIB supply. This figure includes the Vitalik Buterin Burn Address, which contains approximately 410.4 trillion SHIB and is permanently inaccessible.”
SHIB’s New Address Statistics Are also Rising
Shiba Inu also has a new wallet address metrics that is increasing with the creation of 300 new addresses per day.
“The total number of SHIB holder addresses exceeded 1,562,000, with an average increase of approximately 300 new addresses per day. Approximately 78 percent of holders have maintained their positions for more than one year. At a price of 0.00000605 USD, approximately 62 percent of holders are in profit.”
Similar to the SHIB mechanism, it is also picking up momentum. Nearly 15.5 million SHIB tokens were burnt on 11th April, stabilizing Shiba Inu’s market supply.
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Source: watcher.guru
