Despite no sign of Shibarium significantly impacting the price, the Shiba Inu holder count hits a monthly high, showcasing continued community support. As reported by WhaleStats, the number of Shiba Inu holders reached a whopping 1,150,173, hitting new record highs. While this came as a huge blow to the industry, the surge in the number of holders paints a picture of long-term commitment. Shiba Inu [SHIB], in particular, recorded a 4.98 percent price drop over the last couple of days, amidst a general cryptocurrency market succumbed to widespread selling.

Interestingly, Shibarium's transaction count jumps by 54%, signaling a spike in network engagement, even if this hasn't translated to immediate price action. SHIB token burn rate soars by over 22,000% alongside a transaction surge, yet Shiba Inu (SHIB) reached a peak of $0. on Ap, but did not surpass key resistance levels.

Analysts suggest that a breakthrough could lead to a price surge. The sustained growth in holder numbers, coupled with increasing Shibarium activity and massive token burns, suggests a potential for future growth. Keep up-to-date with the latest Shiba Inu news and analysis as we monitor the impact of Shibarium and community initiatives on the SHIB price.