SHIB Expands With 24,000 New Wallets While Whales Hold Firm

Shiba Inu recently saw one of its strongest daily growth periods in weeks, culminating in a total of 24,000 addresses created in a seven-day timeframe.

In a recent tweet, Shiba Inu-focused X handle Shibizens revealed that April 27 saw strong daily growth, causing a weekly increase to a total of 24,000 new wallets.

Shiba Inu is seeing increased interest, surpassing 1.5 million unique addresses. Retail demand has increased, but whale positioning remains steady.

According to data shared by Shibizens, Shiba Inu now boasts 1,584,275 unique addresses, with an increase of 1,100 to 10,000 daily. This stabilized at 1,050 new holders per day in the past week.

The top 100 wallets still hold about 61% of the Shiba Inu supply, excluding burned tokens. This shows whales are holding while retail is entering.

Binance holdings slightly increased to about 82.1 trillion $SHIB, Robinhood remains stable at nearly 54 trillion $SHIB, while Crypto.com showed outflows toward cold storage.

Over the weekend, Shiba Inu lead ambassador Shytoshi Kusama had a discussion with the crypto community. The message touched on how everyday systems are framed. Barcodes, global trade networks, food supply chains, digital marketplaces, and AI platforms are not isolated tools but rather layers of a single, interconnected infrastructure.

Shorts get crushed in crypto market

The recent move in the market caught bears on the wrong side, leading to significant short liquidations. A total of $453 million was liquidated in crypto positions across the market over the past 24 hours, affecting 110,552 traders, according to CoinGlass data. Of that total, $308.98 million came from short positions.

Shorts were liquidated nearly three times as much as longs (at $144 million), indicating that bearish positioning was dominant ahead of the move. They were caught offside as the rally forced them to unwind positions at a loss.

The squeeze is the second of its kind in two weeks, as a similar incident on April 18 wiped out $593 million in shorts.

At the time of writing, $SHIB was down 0.66% in the last 24 hours to $0.000006167 as the market saw profit-taking after the move higher.