The Shiba Inu ecosystem continues to grow, having added about 840,000 addresses over the past year alone.
Notably, the recent growth feat comes amid a year of mixed performance from the meme coin, with 2024 bringing it closer to its all-time high than previous years. For context, SHIB managed to reach a peak of $0.000045 in March 2024, with just a 96.5% extra increase to reclaim the 2021 all-time high of $0.00008845.
Shiba Inu eventually lost this position, and despite the market-wide uptrend in Q4 2024, the asset failed to recover the yearly peak. Now, SHIB has dropped below the $0.00002 psychological territory, now battling the bears at the $0.000015 region.
Shiba Inu Added 840K Over the Past Year
Despite the price struggles throughout 2024 following the drop from $0.000045, on-chain data shows that Shiba Inu continued to witness address growth. According to data from IntoTheBlock, Shiba Inu had a total of 3.8 million addresses on Feb. 19, 2024, after welcoming 600,000 addresses from 2023.
Shiba Inu Addresses Feb 2024 | IntoTheBlock
Interestingly, the latest data indicates that the meme coin now boasts a whopping 4.64 million addresses as of Feb. 19, 2025. This indicates an addition of about 840,000 addresses over the past year. Notably, this increase surpasses what the network observed from 2023 to 2024 by up to 200,000.
Shiba Inu Addresses Feb 2025 | IntoTheBlock
Nonetheless, it is important to note that most of this uptick in total addresses came from an increase in addresses holding zero balance. For context, this tier of addresses surged from 2.5 million to 3.26 million over the past year. Meanwhile, those with balances increased from 1.29 million to 1.39 million within the same timeframe.
SHIB Addresses with Balance Rise by 100K
This indicates that accounts with balances only rose by 100,000. Despite the less substantial increase compared to those without balances, this 100,000-address increase within a year still represents an impressive feat for the Shiba Inu ecosystem.
Meanwhile, further data indicates that all tiers of Shiba Inu holders based on time held have witnessed a rise over the past year.
Particularly, Hodlers, those holding for over a year, increased from 1.03 million to 1.06 million. In addition, Cruisers, those holding for 1 and 12 months, rose from 280,100 to 327,770. Traders, representing those that have held for less than a month, increased from 25,720 to 44,280.
Shiba Inu Addresses by Time Held | IntoTheBlock
This confirms that Shiba Inu’s address growth metrics have been particularly uniform, indicating widespread confidence. This confidence prevails despite the drop from $0.000045 in March 2024, as the meme coin craze at the time died down. Currently, Shiba Inu changes hands at $0.00001542, trading flat today.
