Shiba Inu’s ecosystem reports steady growth in holder addresses, surpassing 1.55 million with monthly gains. Despite this progress and a reduction in tokens on exchanges from earlier peaks, the meme coin’s price has fallen roughly 15% in 2026. Analysts point to stalled activity on its Shibarium layer-2 blockchain as a potential factor in the ongoing downtrend.
The official Shiba Inu X account reported the total number of SHIB holders has reached 1.55 million. It noted a steady monthly growth of over 8,500 new wallets and that 78% of investors have held for more than a year.
The update stated the amount of SHIB on exchanges has dropped below 81 trillion tokens, suggesting a move to self-custody. However, data from CryptoQuant shows the exchange reserve recently increased to approximately 81.2 trillion after hitting a five-year low.
Approximately 410 trillion SHIB tokens have been burned and removed from circulation. Recent burn figures have been minimal compared to the large volume destroyed in 2021.
Shiba Inu’s price has decreased by about 15% since the start of 2026, currently trading near $0.00000617. Its market capitalization is now around $3.6 billion as competitors like Meme Core gain ground.
Activity on Shibarium, the ecosystem’s layer-2 blockchain, has stalled significantly after an exploit last year. Daily transactions plummeted from millions to hundreds, damaging investor confidence.
Some analysts believe Shiba Inu’s future performance is tied to Shibarium’s advancement. Bitcoin advocate Jeremie Davinci stated, “If they get that solved, Shiba Inu will go to the moon.”
