thecryptobasic.com
The number of Shiba Inu addresses holding at least $1 million worth of SHIB now amount to 1,342 at its current price of $0.00002803.
Shiba Inu did not escape the recent market onslaught, collapsing from the $0.000045 high on March 5 to a floor of $0.00002366 on March 20. This slump marked a massive 47% decline within two weeks. However, SHIB recovered from this low, currently pushing to reclaim and retain $0.000028.
While the crypto market has seen a rebound, with Bitcoin (BTC) recovering the $70,000 psychological territory, Shiba Inu has not fully leveraged the ongoing campaign. SHIB currently trades for $0.00002803, up by a mere 18% from the recent floor of $0.00002366.
Despite its current delicate position, data confirms that Shiba Inu has recorded massive growth in social and market metrics. This has solidified investor confidence, leading to a sustained HODL culture. Amid the optimism, addresses holding at least $1 million worth of SHIB have seen a mild uptick.
Shiba Inu Welcomes 23 Millionaire Addresses
Notably, data from IntoTheBlock indicates that these SHIB addresses with balances worth at least $1 million have increased to 1,342, marking a mere 1.74% rise since late last month. For context, The Crypto Basic reported on March 23 that these addresses amounted to 1,319 when SHIB traded at $0.00002740.
The latest figure suggests that, with the meager price increase to $0.00002803, the Shiba Inu market has witnessed the addition of 23 more millionaire addresses in less than three weeks. This number would have been more if SHIB held the $0.00003 support.
Interestingly, of the 1,342 wallets, 1,120 hold between $1 million and $10 million worth of Shiba Inu. The data suggests that this tier of addresses have welcomed 11 new wallets since March 23. Meanwhile, those holding more than $10 million have surged by 13 to the current figure of 222.
While addresses in the $1 million to $10 million tier collectively hold $3.55 billion worth of SHIB, those with over $10 million have a cumulative balance of $22.05 billion. However, it bears mentioning that the latter tier also contains the Shiba Inu burn address, which holds over 410 trillion SHIB.
Meanwhile, further data confirms that retail investors and shark addresses have also seen an uptick since last month. Remarkably, addresses holding between $100 and $1,000 worth of SHIB have risen by 1,450 to 456,410. Whereas those holding from $1,000 to $100,000 have increased by 2,780 to 184,380.