Shiba Inu Closes on 1.6 Million Holder Milestone as July Adds 1,633 Addresses

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Dog-themed cryptocurrency Shiba Inu (SHIB) is closing in on 1.6 million holders, in a push towards a fresh adoption milestone. Advertisement Data from Etherscan reveals the dog cryptocurrency now has a total of 1,599,919 holders, with just 81 left to reach 1.6 million addresses. Recent analysis from EtherscanSHIB , an X account that shares real-time insights and statistics for the Shiba Inu ecosystem, indicates that the holder count continues to climb in July, with 1,633 addresses added in the month so far. HOT Stories Fidelity Warns Bitcoin Faces Key Test Shiba Inu (SHIB), XRP, Hyperliquid (HYPE) and Synapse (SNY) Price Analysis for July 3: Will Outliers Carry the Market? The recent increase comes despite a continued selloff which has impacted Bitcoin and the majority of altcoins, which now trade at multi-year lows. Advertisement This prolonged period of stagnation across the altcoin market seems to be pushing investors to their limits. Analysts believe this marks the second-longest underperformance streak since 2020. You Might Also Like Sat, 06/20/2026 - 10:02 Shiba Inu Hits 1.59 Million Onchain Holders After June Adds 3,464 New Wallets By Tomiwabold Olajide Reaching 1.6 million holders would mark a milestone for the Shiba Inu token, putting it among the most widely held cryptocurrencies in the market. Advertisement Shiba Inu weighs next move At the time of writing, SHIB was down 0.05% in the last 24 hours to $0.0000043, and up 2.84% weekly. You Might Also Like Thu, 07/02/2026 - 12:09 Shiba Inu (SHIB) Analysis Suggests $350 Million Could Be Enough for 700% Upside Scenario By Arman Shirinyan According to CryptoQuant, about 84% of altcoins listed on Binance, including SHIB, are in a state of total underperformance, trading below the key technical threshold of the 200-day moving average. This has now been the case for nearly eight months. Amid the negativity, CryptoQuant highlights signs of improvement as altcoin sell pressure fell to a fresh multi-year low after reaching a 5-year extreme in June. However, more dry powder on the buy side will be needed to sustain a move higher. Unless this happens, any bounce that appears is more likely a short-term technical reaction than the beginning of a trend reversal. If a recovery scenario plays out, Shiba Inu will eye a return to $0.000005 and then $0.00000622, while the $0.000004 level might be confirmed as short-term support in case the price drops. #Shiba Inu (SHIB) News #Shiba Inu #SHIB