Despite the ongoing chats about Shiba Inu (SHIB) losing its composure in the current market narratives, the real SHIB data is telling a different story altogether. The latest weekly stats posted by Shibarium have highlighted compelling insights signaling renewed momentum and adoption for Shiba Inu. This bullish data signals that the SHIB ecosystem is constantly working towards improving itself, with data snippets pointing to bullish price recovery ahead. Here are the details.
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Shiba Inu: Bullish Data Gives Hopes To Investors
According to a latest forecast by Shibarium, the last week has been particularly beneficial for SHIB. Data from April 9 to 16 points out a steady exchange flow marked with $1.24T outflows as well as reserves down to $80T. This development is bullish, signifying reduced sell pressure on the asset.
“Total net outflows from centralized exchanges reached approximately 1.24 trillion SHIB during the period. Total SHIB reserves held on exchanges declined to approximately 80.9 trillion, compared to around 166 trillion in 2024. On April 15, more than 229 billion SHIB was transferred from exchange wallets within a 24-hour period.”
In addition to this, SHIB has also been encountering steady whale activity with adoption levels rising with each passing day. Nearly 2.02T SHIB has been accumulated by whales as of yet, with the top ten wallets holding nearly 62% of the SHIB supply.
“Large wallet addresses accumulated approximately 2.02 trillion SHIB, valued at roughly 12.16 million USD, since the beginning of April. A significant portion of this accumulation occurred within the last 72 hours. The top 10 wallets collectively hold 62.65 percent of the total SHIB supply. This figure includes the Vitalik Buterin Burn Address, which contains approximately 410.4 trillion SHIB and is permanently inaccessible.”
SHIB New Address Stats Are Also Rising
In addition to this, Shiba Inu’s new wallet address metric is also climbing, with 300 new addresses being generated each day.
“The total number of SHIB holder addresses exceeded 1,562,000, with an average increase of approximately 300 new addresses per day. Approximately 78 percent of holders have maintained their positions for more than one year. At a price of 0.00000605 USD, approximately 62 percent of holders are in profit.”
Similarly, the SHIB burn mechanism is also gaining momentum, burning nearly 15.5M SHIB tokens on April 11th, steadying Shiba Inu’s market supply.
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