SHIB’s 1.5M Holders Left & Price Plunging 15%-What’s Next?

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<a href="https://investment-policy.com/shib-usd/">Shiba Inu</a> Team Shares Vital Ecosystem Update as <a href="https://jpyeur.com/shib-usd/">SHIB</a>’s Price Plunges 15% YTD

Shiba Inu is still gaining new owners, though the majority of current investors have been part of the community for over a year.

Despite this, the meme coin’s price has fallen significantly since the beginning of 2026, and a lack of activity on Shibarium indicates the price could continue to drop.

Significant Progress or?

The official Shiba Inu team announced today, March 25th, that over 1.55 million unique addresses now hold the meme coin. This marks a significant milestone for the entire Shiba Inu ecosystem, according to an update posted on their X account, Shibarium | SHIB.IO.

The report also showed consistent monthly growth, with over 8,500 new wallets being created. It highlighted that 78% of SHIB holders have been invested for over a year, and the number of tokens held on exchanges has decreased to under 81 trillion.

This final point is key: investors seem to be moving away from platforms where others control their assets, choosing instead to hold those assets themselves. This shift could lessen the urgency to sell. However, data from CryptoQuant presents a somewhat contrasting picture.

The company’s data shows the number fell to about 80.1 trillion on March 9th, its lowest point in five years. However, it has since been increasing and is now around 81.2 trillion.

The official SHIB account highlighted that around 410 trillion SHIB tokens have been destroyed, meaning they’re no longer available. A large portion of these tokens were burned back in 2021 thanks to a significant contribution from Vitalik Buterin. More recently, however, the number of tokens burned has been much lower. The Shibburn account, which tracks these burns, hasn’t posted any updates since late February.

SHIB Stuggles

Since the start of 2026, the price of Shiba Inu has dropped around 15%, largely due to the current downturn in the market and decreasing interest in meme coins.

Currently, SHIB is trading at around $0.000006174 (according to CoinGecko), with a market value of approximately $3.6 billion. While SHIB was once the second most popular meme coin and aimed to surpass Dogecoin, it now faces competition from coins like Meme Core, which has a market cap exceeding $3.2 billion.

It’s not surprising that SHIB is struggling, given the lack of progress on Shibarium. Last year, the Shibarium blockchain experienced a security breach that significantly eroded investor trust, causing daily transactions to drop from millions to just a few hundred.

Shibarium is a key part of the Shiba Inu ecosystem because it aims to make transactions cheaper and faster, and to allow the network to handle more activity. Several people in the crypto industry, like Bitcoin supporter Jeremie Davinci, have suggested that a significant price increase for SHIB might rely on the continued development of Shibarium.

Shiba Inu now has potential thanks to Shibarium, a platform that allows for the development of various applications. Currently, though, Shibarium isn’t being used and there aren’t any applications available that let you use your Shiba Inu tokens on it. If they can address this lack of usage and build out the platform, the price of Shiba Inu could increase dramatically.

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2026-03-25 19:08