The number of Shiba Inu wallets has grown to approximately 1.55 million, but the growth rate of new holders has significantly slowed down. Over the past 15 months, only about 54,000 new wallets have been added, averaging around 120 new holders per day. Analysts point out that this moderate growth rate may be insufficient to drive a substantial price increase, as meme coins typically rely on rapid community expansion. The recent price weakness of the token and the underwhelming development of ecosystems like Shibarium are considered factors that have dampened investor enthusiasm.

SHIB3.54%
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