According to X user @Etherscan_SHIB, the second-biggest meme cryptocurrency in terms of market capitalization value, Shiba Inu, has seen a large increase in the total number of its on-chain holders.
The tweet has reported that on June 7, this major metric of SHIB has reached a historic peak of 1,510,290 - “the highest ever recorded!” the tweet says, “SHIB continues to grow with unstoppable momentum.”
🔥 New All-Time High! 🔥
The number of on-chain $SHIB holders just hit 1,510,290 wallets. the highest ever recorded! $SHIB continues to grow with unstoppable momentum.#SHIB #ShibArmy #Crypto #Shibarium #Web3 #Altcoins pic.twitter.com/aGRrKIEqis
Compared to the last week of May, the growth registered now constitutes slightly more than 3 million with the metric showing 1,507,310 back on May 24.
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Trillions of SHIB poured to Coinbase this week
According to the popular blockchain tracker Whale Alert, this week, three massive chunks of more than 2 trillion SHIB coins each were transferred to the institutional branch of the major US cryptocurrency exchange Coinbase – Coinbase Institutional.
Eleven hours ago, the platform was hit with a 2,542,712,471,794 SHIB transfer worth $31,651,684. On June 5, 2,869,483,918,550 SHIB valued at $36,603,136 was deposited into the same exchange. A similar SHIB chunk was also transferred there a few days before that, which now bring it to roughly 7.5 trillion Shiba Inu hitting Coinbase Institutional this week.
🚨 🚨 2,542,712,471,794 #SHIB (31,651,684 USD) transferred from unknown wallet to Coinbase Institutionalhttps://t.co/SZEeT7y5Yj
— Whale Alert (@whale_alert) June 6, 2025All three transactions were made from wallets which Whale Alert tagged as unknown. Since this the destination was Coinbase Institutional, it is likely that a large crypto whale was preparing a major SHIB sell-off, deciding to cut down his SHIB position radically.
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