Shiba

Shiba Inu

Record

Inu.

Daily

The meme coin remains stuck in a heavy downtrend caused by the prolonged bear market and other negative factors.
Despite the grim conditions, Shiba Inu’s holders base continues to rise, recently reaching a new all-time high.
<h2 id="the-new-record">The New Record</h2>
The total number of SHIB wallets has been rising slowly recently, but at the beginning of the month there was a sharp jump. According to the X account BSCN, the meme coin <a href="https://x.com/BSCNews/status/2076546917627285724" rel="noopener noreferrer nofollow">saw</a> an explosive jump of almost 75,000 new holders between July 5 and July 6 – far above its typical daily growth.
It remains unclear why the figure soared so sharply, as some speculate there might have been a technical glitch. In any case, the total number currently stands at 1,676,535, which is a new all-time high.
The growing figure contrasts with the plummeting price of Shiba Inu. As of this writing, it trades at around $0.0000042, reflecting a 15% plunge on a monthly scale and a staggering 95% crash from the historic peak witnessed in 2021.
<figure class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2026/07/SHIB-Price.png" rel="noopener noreferrer nofollow"><img src="https://cryptopotato.com/wp-content/uploads/2026/07/SHIB-Price.png" alt="SHIB Price" width="942" height="601"></a>
 <figcaption>
 SHIB Price, Source: CoinGecko
 </figcaption>
</figure>
SHIB remains the second-largest meme coin, but only thanks to the double-digit collapse MemeCore (M) recently <a href="https://cryptopotato.com/market-meltdown-memecore-crashes-76-as-mim-breaks-peg-to-0-50/" rel="noopener noreferrer nofollow">experienced</a>. The market capitalization of the self-proclaimed Dogecoin killer has tumbled below $2.5 billion, making it the 36th-biggest cryptocurrency.
<h2 id="further-slump-incoming">Further Slump Incoming?</h2>
The rising number of SHIB wallets is perhaps the only real glimmer of optimism for Shiba Inu lately. Its burning mechanism, which <a href="https://cryptopotato.com/shiba-inu-burn-rate-goes-parabolic-yet-shib-keeps-bleeding-details/" rel="noopener noreferrer nofollow">saw</a> a major resurgence last week, has once again slowed, while Shibarium’s activity has fallen to near-idle levels.
The layer-2 scaling solution, designed to enhance Shiba Inu’s ecosystem by boosting speed, lowering transaction fees, and improving scalability, initially processed millions of transactions on a daily basis. Over the past months (especially after <a href="https://cryptopotato.com/shib-army-alert-shiba-inu-team-explains-security-breach-are-funds-safe/" rel="noopener noreferrer nofollow">Shibarium’s exploit</a> last year), those have tumbled to mere thousands and hundreds.
<figure class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2026/07/Shibarium-Transactions.png" rel="noopener noreferrer nofollow"><img src="https://cryptopotato.com/wp-content/uploads/2026/07/Shibarium-Transactions.png" alt="Shibarium Daily Transactions" width="1265" height="400"></a>
 <figcaption>
 Shibarium Daily Transactions, Source: shibariumscan.io
 </figcaption>
</figure>
These negative factors, combined with the fading interest in the meme coin, suggest that bulls might have to suffer more pain in the near future. <a href="https://x.com/BSCNews/status/2075040491607937271" rel="noopener noreferrer nofollow">According</a> to BSCN, SHIB’s daily trading volume was close to $700 million a year ago, but today (July 13) it is struggling to reach $50 million.
The sentiment among analysts and industry participants is also particularly negative. Recently, popular trader James Wynn <a href="https://x.com/JamesWynnReal/status/2070085221685543409" rel="noopener noreferrer nofollow">described</a> SHIB as “old, dead, and boring,” suggesting it may not recover for another 5-10 years until nostalgia potentially brings it back.
The post <a href="https://cryptopotato.com/key-shiba-inu-metric-reaches-a-new-ath-yet-shibs-price-keeps-sliding-details/" rel="noopener noreferrer nofollow">Key Shiba Inu Metric Reaches a New ATH, Yet SHIB’s Price Keeps Sliding: Details</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Key Shiba Inu Metric Reaches a New ATH, Yet SHIB’s Price Keeps Sliding: Details

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