Shiba Inu Holders Surpass 1.5M as Shibarium Crosses 10M Blocks

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• Shiba Inu’s marketing lead announced that Shiba Inu surpassed 1.5 million holders while its Layer 2 network, Shibarium, reached 10 million blocks.
• With a price of $0.00001288, SHIB has surged 4.14% in the last 24 hours and 6.63% over the week.

Shiba Inu has proven resilient, unwithered resilience against all odds, withstanding the onslaught of adversity in the cryptocurrency market. The ecosystem has achieved significant milestones as it boasts sustained interest and growth.

Notably, the Shiba Inu ecosystem has surpassed 1.5 million in the total number of holders and Shibarium, its Layer 2 Ethereum-based network, crossing the 10 million block mark.

Shiba Inu Surpasses 1.5 Million Holders

Lucie, Shiba Inu’s marketing lead took to the X platform to celebrate this impressive milestone. Notably, March 18 witnessed the number of SHIB holders crossed the 1.5 million mark. according to data from Etherscan, since then, the ecosystem has continued to expand, adding 843 more holders as of Wednesday, March 19.

Despite current market downturns, the rising number of token holders signals a promising future. This milestone is often regarded as a bullish sign, as increased adoption has the potential to fuel demand and, ultimately, price appreciation.

Shibarium Reaches 10 Million Blocks

Adding onto the jubilation about the rising holders, Shibarium, the Shiba Inu ecosystem’s Ethereum Layer 2 solution, has also reached a remarkable stature by surpassing 10 million blocks.

The latest developments have revealed that Shibarium has processed 10,010,974 blocks.

The network’s growing adoption is further evidenced by the explosion in total addresses, which has now approached 175 million. Shibarium plays a crucial role in supporting the SHIB ecosystem by improving transaction speeds and reducing costs, making it a more attractive option for both new and existing users.

Another key benefit of Shibarium is its contribution to SHIB token burns. Token burning is fundamental for managing SHIB’s supply, which in turn leads to investors hoping will lead to price surges in the long run.

It is worth noting that Shibarium has facilitated the burning of 713 million SHIB tokens, reducing the circulating supply and potentially increasing scarcity.

Market Challenges and Future Outlook

These achievements come despite the broader market downturn that has affected SHIB’s price performance. Over the past four months, SHIB has faced a significant price decline of 68%, dropping from a high of $0.00003343 in December 2024 to as low as $0.00001082 in March 2025.

Compared to its main competitor, Dogecoin (DOGE), SHIB has underperformed, gaining only 98% after the U.S. election, where Pro-crypto Donald Trump took office, while DOGE surged by over 200%.

Notably, DOGE has also recorded a recovery in its market price. At the time of press, DOGE is trading with $0.1735 marking a 6.03% and 5.025% surge in the past 24 hours and week respectively.

However, the recent network and adoption milestones provide a glimmer of hope for SHIB investors, reinforcing the project’s long-term viability and growing ecosystem.

Meanwhile at the time of writing, SHIB is swapping hands with $0.00001288 marking a 4.14% and a 6.63% surge in the past 24 hours and week respectively.