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Shiba Inu Army Explodes: 1.5M Wallets Now Hold SHIB as 7.5 Trillion SHIB Move Spark Rocket Hopes

  • The number of Shiba Inu (SHIB) wallet holders has reached 1.5 million for the first time ever, indicating growing global adoption and use cases.
  • Massive transfers of 7.5 trillion SHIB tokens, valued at over $100 million, into Coinbase Institutional wallets suggest significant whale activity and institutional interest in SHIB.
  • Developments like Shibarium and emerging DeFi applications within the Shiba Inu ecosystem are adding real-world utility and differentiating SHIB from other meme coins.
  • Despite positive adoption signals, a notable drop in SHIB's daily token burn rate and mixed price trends, with SHIB trading mostly sideways, raise concerns about maintaining deflationary pressure.

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