Shiba Inu

<ul><li>Shiba Inu&#39;s (SHIB) address count crosses the 4 million mark, reflecting expanding popularity amid falling network activity.</li><li>Despite hitting a new milestone in address count, Shiba Inu shows a significant drop in active addresses, hinting at underutilization.</li><li>Market performance enters a consolidation phase with stable trading volume, pointing towards a need for strategic adjustments to boost engagement.</li></ul>In a recent development, Shiba Inu (SHIB) has hit a record number of addresses, crossing the 4 million threshold. This landmark event signals a noteworthy expansion for the popular memecoin, marking a historic moment in its journey. Despite the fanfare surrounding the increase in addresses, a closer analysis reveals a concerning decline in network activity.Data from Glassnode <a href="https://studio.glassnode.com/metrics?a&#61;SHIB&amp;category&#61;&amp;m&#61;addresses.NewNonZeroCount&amp;s&#61;1664397707&amp;u&#61;1679443200&amp;zoom&#61;" rel="noopener noreferrer nofollow">highlights</a> this achievement, illustrating a steady climb in the total number of addresses over recent months. The surge became particularly evident in early March when the count escalated from 3.8 million to 4 million addresses. This growth signifies the first occasion Shiba Inu has amassed such a vast number of addresses, suggesting a growing interest in the cryptocurrency.<a href="https://cryptotale.org/shiba-inu-hits-4m-addresses-interest-surges-amid-falling-network-activity/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Shiba Inu Hits 4M Addresses: Interest Surges Amid Falling Network Activity

CryptoTale

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