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Shiba Inu Sees 7% Gain, Millionaire Wallets Surge 14.5% in April

Coin WorldSaturday, May 3, 2025 2:46 pm ET

1min read

In April 2025, Shiba Inu (SHIB) saw a modest yet notable increase in its market performance, with the asset recording a 7% price gain during the month. This upward momentum was part of a broader cryptocurrency market recovery, which saw a significant rally. The global crypto market capitalization increased by approximately $270 billion, representing a 10.31% increase in April. Although Shiba Inu’s gains were more limited compared to some top assets, the token’s rebound had a significant impact on investor portfolios.

One of the most striking developments during this period was the substantial increase in the number of addresses holding at least $1 million worth of SHIB. According to on-chain data, the number of such addresses rose from 751 at the beginning of April to 860 by the end of the month—a net increase of 109 new millionaire wallets in a single month. This surge reflects either an appreciation in the value of previously held tokens, additional accumulation, or a combination of both. Specifically, 796 addresses held between $1 million and $10 million in SHIB, an increase of 107 addresses, and 64 wallets held more than $10 million, up from 62 at the start of the month.

Two primary factors appear to have influenced the increase in SHIB millionaire addresses. The first is the token’s 7% price increase, which likely elevated some existing holders’ portfolios above the $1 million threshold. For example, with SHIB trading at $0.00001355 near the end of April, an investor with 73.8 billion tokens would see their holdings valued at approximately $1 million. At the start of April, when the price was around $0.00001237, the same amount of SHIB would have been worth about $912,915, below the millionaire mark.

The second factor is likely increased accumulation during the month. On-chain data indicates that addresses holding between 10 billion and 100 trillion SHIB added roughly 210 billion tokens in April, bringing their collective total to 541.28 trillion SHIB. Though modest in percentage terms, this accumulation trend suggests growing interest among mid- to large-scale investors during the rebound.

The rise in millionaire wallets suggests renewed investor confidence in Shiba Inu following its recovery. While SHIB’s growth in April was outpaced by broader market movements, the consistent accumulation and increase in high-value holdings point to ongoing engagement with the asset. These trends may serve as indicators of Shiba Inu’s future momentum and the strategic behavior of its wealthier investors. The increase in millionaire wallets also highlights the potential for further growth and investment in the Shiba Inu ecosystem, as more investors recognize the value and potential of the token.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.