Shiba Inu addresses holding at least $1 million in SHIB rose from 589 to 947 in a year, coinciding with the token’s 53.65% rise.
Shiba Inu has experienced fluctuations in the crypto market, with its price dropping over 27% in the past month. However, the token saw a minor 0.98% increase in the last 24 hours, though it remains 1.47% lower over the past week.
Meanwhile, data indicates an increase in high-value holders, suggesting notable accumulation among large investors.
Increase in High-Value Shiba Inu Holders
Over the past year, the number of Shiba Inu addresses holding at least $1 million worth of SHIB rose from 589 to 947. This marks an increase of 358 millionaire addresses.
Additionally, addresses holding $10 million or more in SHIB grew from 59 to 69. The rise in these addresses suggests increased whale activity, potentially signaling interest from larger investors or institutional players.
Shiba Inu 2025 Millionaire Addresses
The growth in these high-value holdings may result from either an increase in SHIB accumulation or price appreciation. Specifically, SHIB’s price climbed from $0.000010 in February 2024 to approximately $0.000016 in February 2025, reflecting a 53.65% increase.
While millionaire addresses peaked at 1,520 in March 2024, when SHIB reached $0.000045, the count later declined but recovered in December 2024 and is now decreasing again. Despite the drop, data confirm that the number of millionaire addresses remains higher than a year ago.
This trend suggests that whale accumulation and price appreciation might both have contributed to the rise in millionaire addresses.
Changing Ownership and Holding Patterns
Elsewhere, ownership distribution trends over the past year confirm notable accumulation by large holders. Long-term holders (1 year or more) increased by 1.29%, reflecting a steady rise since mid-2022.
Shiba Inu Address Balance by Time Held
Mid-term holders (1-12 months) grew by 11.79%, showing a shift from short-term trading to holding strategies. Meanwhile, short-term traders (less than a month) dropped by 59.05%, indicating a sharp decline in speculative activity.
A separate analysis of historical concentration shows ownership shifts within SHIB’s investor base. Over the past 30 days, whale holdings increased by 0.54%, while mid-tier investors declined by 0.58%.
Shiba Inu Historical Concentration
Retail participation also fell by 0.85%, suggesting a reduced presence of smaller investors in the market. These changes indicate ongoing accumulation among large holders while smaller holders exit positions.
New SHIB Addresses Declining
Despite increased holdings among whales and long-term investors, Shiba Inu’s adoption rate among new addresses has reached a multi-year low.
Data from IntoTheBlock shows that new address adoption fell sharply to 12.73% on Monday. This metric, which tracks the percentage of transactions initiated by new addresses, has remained between 27% and 48% since January 2025.
