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.