Shiba Inu (SHIB) saw its number of wallet holders surge by over 10,000 between April 19 and April 22, 2026, according to on-chain data. The increase, reported by an analysis platform, coincides with a slight price uptick for the memecoin, which has otherwise struggled with a prolonged downtrend since December 2024. This holder growth sparks questions about potential shifts in investor sentiment for the popular cryptocurrency.
Data from Etherscan indicated a significant spike in the number of addresses holding Shiba Inu tokens. The platform added some 10,000+ holders between April 19 and April 22.
The change is reflected in some positive price action… stated a social media post highlighting the data. This holder expansion aligns with a minor price reversal for SHIB.
CoinGecko data shows SHIB’s price rallied 0.2% in the last 24 hours and 3.3% over two weeks. However, the token remains down nearly 59% since April 2025.
Shiba Inu is a very popular cryptocurrency, especially among those who entered during the 2021 bull run. It once climbed to an all-time high of $0.00008616.
The cryptocurrency has struggled to regain its 2021 momentum in recent months. It was also recently reported that SHIB is the most traded coin in India.
The surge in holders could be linked to investors anticipating a market reversal. This follows positive developments in a potential deal between the US and Iran.
A cool off in the Middle East conflict could lead to increased investor sentiment. However, interest rates are unlikely to go down in April 2026, which may keep SHIB on a sideways trajectory.
