Amid the flurry of new activity spurred by the crypto market recovery, Shiba Inu has marked a new milestone that shows continuous growth even through the bear market. The meme coin has now hit a new all-time high in terms of holders, demonstrating its resilience and commitment to remaining a significant player in the cryptocurrency space.
Shiba Inu Holder Base Crosses 1.5 Million Wallets
Lucie, the Marketing Lead for Shiba Inu, recently took to X (formerly Twitter) to celebrate this significant achievement for the Shiba Inu community. The total Shiba Inu holder base has officially crossed the threshold of 1.5 million, marking a new milestone for this meme coin.
According to data from Etherscan, the total number of wallets holding Shiba Inu now stands at 1,507,445, with that number already over 300 wallets higher since Lucie’s announcement. Additionally, total transactions carried out on the contract have surpassed the 15 million mark, currently sitting at nearly 15.5 million.
What’s Driving Participation From The SHIB Community?
One of the major developments fueling activity within the Shiba Inu community is the upcoming launch of Bury 2.0. This staking mechanism from the SHIB team facilitates community engagement and enables investors to stake the four tokens that are native to the Shiba Inu platform. Lucie has highlighted the distinct advantages of Bury 2.0 in another post on X, elaborating on what sets it apart from other staking mechanisms.
The first significant advantage of Bury 2.0 is that it imparts real voting power within the ecosystem to its stakers. When users stake SHIB, TREAT, BONE, or LEASH, they receive veTokens (e.g., veSHIB, veTREAT, veBONE, and veLEASH). These veTokens grant holders the ability to vote on various factors, including funding and governance decisions. Moreover, the longer a user maintains their tokens in a staked position, the greater the influence their vote commands.
Another compelling advantage of the Bury 2.0 platform is its ability to grant access to decentralized finance (DeFi) features such as yield farming and liquidity pools. Unlike idle tokens, those that are staked can actively participate in generating returns.
The third reason for the attractiveness of Bury 2.0 is the evolving nature of rewards for stakers. Unlike fixed reward systems, users can enjoy increased opportunities for earning airdrops, giveaways, and loyalty bonuses the longer they stake their tokens.
Lastly, Bury 2.0 offers localized control for stakers, enabling individual states to deploy custom veTokens. Consequently, they can influence decisions and receive rewards tailored to their specific needs and priorities.
As Lucie articulated, “Bury 2.0 transforms passive holders into active Shibizens. It encourages long-term commitment, real participation, and cultivates a community that is stronger, smarter, and more engaged.”
