Shiba Inu Surpasses 1.5 Million Holders, Shibarium Hits 10 Million Blocks

Shiba Inu, a popular meme coin, has achieved two significant milestones, demonstrating sustained interest in the token and potential for future growth. The project recently surpassed 1.5 million holders, marking a notable achievement for any cryptocurrency. This milestone was reached on March 18, as reported by the project’s marketing lead, LUCIE. The continued addition of new holders, with approximately 843 joining as of the latest data, indicates that the token remains attractive to traders and investors.

Analysts view this milestone as a positive indicator of the meme coin's growth potential and a bullish outlook for the broader cryptocurrency market. The unwavering belief of its community in the token is evident, suggesting that Shiba Inu could attract more users and investors in the future. This achievement comes at a time when the broader cryptocurrency market has faced challenges, making it a bright spot for the industry.

In addition to the holder milestone, Shiba Inu’s Ethereum Layer 2 network, Shibarium, has also made significant progress. Shibarium surpassed 10 million blocks, with an estimated 10,010,974 blocks as of the latest data. This achievement underscores the network’s longevity and reliability, which could entice more new users. The network has experienced exponential growth in total addresses, now tallying almost 175 million. Shibarium’s growth is crucial for burning SHIB tokens, serving as a major price control mechanism. Many investors are optimistic that the diminishing supply and solid demand could drive the token's value higher. Shibarium has played an essential role in burning around 713 million SHIB tokens.

Despite the ongoing downtrend in the cryptocurrency market, these milestones offer hope to investors. Shiba Inu has faced a significant decline, dropping by about 68% in the last four months, from a high of $0.00003343 in December 2024 to a low of $0.00001082 in March 2025. However, the token's performance following the US presidential election, with a 98% increase, has raised concerns about its underperformance compared to competitors like Dogecoin, which skyrocketed by 200%. Currently, Shiba Inu is traded at $0.00001288 per token, with a total market cap of over $7.5 billion.

In summary, Shiba Inu's recent achievements in reaching 1.5 million holders and Shibarium surpassing 10 million blocks highlight the token's continued growth and potential. These milestones suggest a bullish outlook for the meme coin, despite the challenges faced by the broader cryptocurrency market. The unwavering belief of its community and the network's reliability could attract more users and investors, driving the token's value higher in the future.