Shiba Inu has gained 1,108 new investors this month for the first time ever in a year. The number of holders has reached $1.58 million, according to the latest data from Etherscan. This is the first time SHIB has seen an increase in holders reaching four digits since February 2025. The number of new investors had fallen below the 100 level as SHIB remained stagnant in the charts.
The breath of fresh air comes after Shiba Inu spiked more than 3% on Sunday. It has remained on the front foot since April as prices surged close to 10%. This is only the second time SHIB has risen double-digits in the charts in 2016. However, the dog-themed token is unable to rally and delete its fifth zero despite multiple attempts. It has been trading with five zeroes for close to a year.
Also Read: Shiba Inu Warnings If You Are New To Crypto: Know This First
Will the Number of New Investors Drive Shiba Inu’s Value Up?
1,000+ new investors are a drop in the ocean in the vast 1.5 million holders. For Shiba Inu’s value to surge, it needs to add a minimum of 10,000 to 50,000 holders each day. This can drive the dog-themed token’s value up as the sheer number of investments can push the price upward. Until then, SHIB would have experienced minimal spurts that can decline again in less than a week.
Every time Shiba Inu has spiked double-digits since 2024, it has erased all gains in less than a month. Therefore, traders don’t have high hopes for the token due to its weak momentum. It is unable to defend its price as the number of new holders has almost disappeared. Until it gains massive traders as it got in 2021 and 2022, the price of SHIB will likely remain stagnant. As of now, an entry position in SHIB is a wrong investment choice.
