Shiba Inu added 3,464 holders in June, nearing 1.6 million. Etherscan SHIB reported steady wallet growth despite weak prices. Market volatility and economic concerns pressured SHIB throughout
Shiba Inu added 3,464 new holders in June, bringing its total holder count to 1,590,266, according to data shared by Etherscan SHIB. The latest increase places the popular meme coin within reach of the 1.6 million holder milestone despite continued pressure across the cryptocurrency market.
The update highlights steady growth in the Shiba Inu ecosystem at a time when many investors remain cautious. While price performance has weakened in recent weeks, new wallets continue to enter the network, suggesting that interest in the asset remains intact.
According to Etherscan SHIB, the addition of 3,464 holders since the start of June reflects ongoing participation from retail investors. Consequently, Shiba Inu has maintained one of the largest communities among meme-based cryptocurrencies.
Growing holder counts do not always translate into immediate price gains. However, they often indicate broader network engagement and long-term confidence among participants. Moreover, the latest milestone arrives during a period when several altcoins have struggled to attract new users.
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June has proven difficult for Shiba Inu from a price perspective. The token dropped to a monthly low of $0.00000433 on June 6 as selling pressure spread across the digital asset market. Buyers later pushed SHIB toward $0.0000052. However, that recovery failed to hold as traders took profits and market sentiment weakened once again. As a result, the token surrendered part of its rebound and moved lower during the following sessions.
Meanwhile, broader market conditions also weighed on investor sentiment. Crypto assets faced increased volatility following the latest Federal Open Market Committee meeting under Federal Reserve Chair Kevin Warsh. Additionally, economic data released later in the week added further uncertainty. Initial jobless claims in the United States reached 226,000 for the week ending June 13. The reading came in slightly above expectations and contributed to pressure across risk assets.
Those developments triggered liquidations in leveraged crypto positions, particularly among traders holding bullish bets. Consequently, several major cryptocurrencies recorded losses during the week, with Shiba Inu joining the broader decline. At the time of writing, SHIB traded at approximately $0.000004737. The token gained 0.6% over the previous 24 hours but remained down 5% every week.
Still, the continued addition of new holders presents a different narrative. According to Etherscan SHIB, thousands of wallets joined the network this month, pushing Shiba Inu closer to the significant 1.6 million holder mark even as market uncertainty persists.
Shiba Inu’s latest holder growth demonstrates that community expansion continues despite challenging market conditions. With 1,590,266 holders now recorded and more than 3,400 new wallets added in June, the network remains on track toward the next major milestone of 1.6 million holders.
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The post Shiba Inu Holder Count Nears 1.6 Million as June Adds 3,464 Wallets appeared first on 36Crypto.
