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Top News By Agency By Country By Publication Time The Most Read Stories Most Viewed Agencies All News Shiba Inu Breaks Barriers: 1.5 Million Holders And 10M Blocks On Shibarium © Copyright Image: NewsBTC

The ecosystem of a popular meme coin has attained two major milestones, showing the continued interest in the token that could lead to a bullish scenario. Analysts reported that Shiba Inu recently reached 1.5 million holders while its Shibarium recorded 10 million blocks, an indicator that the SHIB ecosystem could attract new users.

1.5 Million SHIB Holders

Crypto analysts revealed Shiba Inu successfully achieved a major milestone, offering a bright spot for the broader cryptocurrency market which has faced some challenges recently.

The projects marketing lead, LUCIE noted that the meme coin hit 1.5 million holders on March 18, reaching such a milestone is an important achievement for any crypto.

As of writing, about 843 new holders have joined the Shiba Inu ecosystem, indicating that the token remained attractive to traders.

SHIB has reached 1.5 million on-chain holders! pic.twitter.com/sKaAO57R6I

(@LucieSHIB) March 18, 2025

Analysts believe that Shiba Inus milestone suggests continued interest in the meme coin, fueling the tokens significant growth. It also showed a bullish outlook on the meme coin.

Market observers said that the milestone might signify the unwavering belief of its community in the token.

10 Million Blocks For Shibarium

Meanwhile, Shiba Inus Ethereum Layer 2 network, Shibarium also recorded a win after surpassing 10 million blocks with an estimated 10,010,974 blocks as of press time.

Crypto analysts said that this achievement is proof of the networks longevity and reliability, adding that it could entice more new users.

Market observers noted that the network has experienced exponential growth in total addresses in the last few weeks as it now tallies almost 175 million.

Shibariums growth is crucial in burning SHIB tokens and a major price control mechanism. Many investors are optimistic that diminishing supply and solid demand might send the token to surge. Shibarium played an essential role in burning around 713 million SHIB.

Unmoved By The Crypto Downturn

Many analysts say that milestones achieved by Shiba Inu and Shibarium offer a great deal of hope to investors, considering the ongoing downtrend in the cryptocurrency market.

For instance, Shiba Inu tanked by about 68% in the last four months, dipping from a high of $0.00003343 in December 2024 to a low of $0.00001082 in March 2025.

On the other hand, some analysts raised their concern about Shiba Inu underperforming the competition, noting that the token only increased by 98% following the US presidential election, while the Dogecoin skyrocketed by 200%.

Currently, Shiba Inu is traded at $0.00001288 per token, down by 0.2% in the past 24 hours with a total market cap of over $7.5 billion.

Featured image from Getty Images, chart from TradingView

Read more: https://www.newsbtc.com/altcoin/shiba-inu-breaks-barriers-1-5-million-holders-and-10m-blocks-on-shibarium/

Text source: NewsBTC

Altcoin altcoins cryptocurrency meme coins SHIB Shiba Inu Written by Christian Encila On Fri, 21 Mar 2025 Disclaimer: Financial information and news are not financial advice, read the disclaimer. Buy & sell Crypto in minutes

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