Shiba Inu Hits 1.5M Holders & 10M Shibarium Blocks Amid Market Volatility

Shiba Inu surpasses 1.5 million holders and 10 million Shibarium blocks, signaling community strength and potential bullish momentum despite broader crypto market decline.

Shiba Inu Achieves Major Milestones: 1.5M Holders and 10M Shibarium Blocks

Despite ongoing turbulence in the broader cryptocurrency market, Shiba Inu (SHIB) continues to break barriers. The meme coin’s ecosystem has just celebrated two notable achievements: surpassing 1.5 million holders and recording over 10 million blocks on its Shibarium Layer-2 network. These developments signal resilience, community engagement, and a potential bullish trend for the SHIB ecosystem.

SHIB Hits 1.5 Million On-Chain Holders

According to crypto analysts, SHIB reached the milestone of 1.5 million holders on March 18. This growth underscores the continued interest in Shiba Inu, even as many other altcoins struggle under bearish pressure.

LUCIE, SHIB’s marketing lead, confirmed the news on X (formerly Twitter), noting that 843 new holders joined the SHIB network in a single day. Analysts highlight that this strong holder base is a key indicator of long-term community belief, especially during a market downturn.

“SHIB has reached 1.5 million on-chain holders!” — @LucieSHIB

Market observers interpret this milestone as a sign of increasing interest and retail engagement, which could help support SHIB’s price in the months ahead.

Shibarium Surpasses 10 Million Blocks

Simultaneously, Shiba Inu’s Ethereum-based Layer-2 solution, Shibarium, reached another landmark: over 10 million blocks produced, with an exact count of 10,010,974 at the time of reporting.

Analysts describe this achievement as evidence of Shibarium’s operational reliability and network resilience. More importantly, Shibarium’s rapid growth in recent weeks has driven a surge in total wallet addresses, now approaching 175 million.

Shibarium plays a vital role in SHIB’s token burn mechanism, having helped burn around 713 million SHIB tokens, aiding in reducing supply and creating upward pressure on price.

Navigating Market Downturn

These accomplishments come at a time when the crypto market faces continued sell-offs and weak sentiment. SHIB’s price has declined by over 68% from its December 2024 high of $0.00003343 to as low as $0.00001082 in March 2025.

Yet, SHIB’s milestones serve as a beacon of optimism amid this downturn. While the meme coin has underperformed rival Dogecoin, which gained 200% following the U.S. presidential election, SHIB’s community strength and ecosystem utility remain undeniable.

As of now, Shiba Inu trades at $0.00001288, reflecting a modest 0.2% dip in the past 24 hours. Its market capitalization sits at over $7.5 billion, making it one of the leading altcoins despite current challenges.

Will SHIB Reignite a Bull Run?

With continued adoption, Shibarium expansion, and an active burn mechanism, SHIB could be poised for a reversal if the broader market stabilizes. Analysts caution that while sentiment remains mixed, long-term holders and developers continue to build, setting the stage for a stronger recovery cycle.

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