Shiba Inu has experienced a significant surge in new users recently, with 24,000 new addresses created over the past week – its highest growth in weeks.
The Shiba Inu community account, Shibizens, announced on X (formerly Twitter) that April 27th was a day of significant growth, leading to a total increase of 24,000 new wallets for the week.
Shiba Inu is gaining popularity, with over 1.5 million unique user addresses. More individual investors are showing interest, while larger holders are maintaining their current positions.
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SHIB On-Chain Report: April 27 – May 4, 2026
Market Summary
SHIB has reached a significant adoption milestone, with consistent activity on exchanges. We saw a jump in demand from smaller investors, while larger holders maintained their current positions.
1. Growing Holder Base
SHIB now has 1,584,275 unique addresses,…
— Shibarium | SHIB.IO (@Shibizens) May 4, 2026
Shiba Inu has reached a significant milestone with over 1.58 million unique addresses, according to data from Shibizens. The number of new addresses joining the network has been steadily increasing, averaging between 1,100 and 10,000 per day, and has settled at around 1,050 new holders daily over the last week.
Despite tokens being burned, the wealthiest 100 Shiba Inu holders still control about 61% of the total supply, suggesting large investors are maintaining their positions as more everyday investors begin buying in.
Binance holdings slightly increased to about 82.1 trillion SHIB, Robinhood remains stable at nearly 54 trillion SHIB, while Crypto.com showed outflows toward cold storage.
This weekend, Shiba Inu’s lead ambassador, Shytoshi Kusama, talked with the crypto community about how we often think of everyday systems. He explained that things like barcodes, international trade, food delivery, online stores, and artificial intelligence aren’t separate pieces – they’re all parts of one big, connected network.
Shorts get crushed in crypto market
A sudden market shift hurt traders who were betting against prices going up, triggering a large wave of liquidations. Over the last 24 hours, $453 million worth of crypto positions were closed out, impacting over 110,000 traders, according to CoinGlass. The majority of these liquidations – $308.98 million – came from those who had short positions, meaning they were betting the price would fall.
Traders closed out nearly three times more short positions than long positions (totaling $144 million), suggesting most were betting against the market before the price increased. This meant they were forced to buy back those short positions at a loss as the price rose, contributing to the rally.
This is the second time in just two weeks that traders betting against the stock have lost a significant amount of money. A similar event on April 18th resulted in losses of $593 million for those traders.
As of today, SHIB’s price had decreased by 0.66% over the past 24 hours, reaching $0.000006167. This dip followed recent gains, as some investors chose to sell their holdings to realize profits.
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2026-05-04 16:53