SHIB holders don grow and exchange supply don drop, e dey support bullish watch
On-chain data for SHIB dey show sey wallet participation dey improve, even tho price momentum still limited. SHIB holders don reach 1,558,200, with about +8,500 new wallets in the past month (reported monthly additions ~5,000–12,000).
Supply concentration still high: top 10 SHIB wallets hold 62.65% of circulating supply, including one burn wallet with 410T+ SHIB (~41%). Exchange-linked balances identified via Etherscan dey concentrated among UPbit, Robinhood, Binance, Crypto.com, Bithumb, and OKX.
Investor behavior dey shift toward holding. Long-term holders (1+ year) climb to around 78%, while SHIB exchange reserves fall to ~80.9T, suggesting tokens dey move off exchanges and fit reduce near-term sell pressure. Separately, burn activity remain active, with ~410T SHIB removed from circulation and reported burn-rate jump (~633% in an hour).
For traders: this na constructive SHIB narrative (wallet growth + lower exchange supply + high long-term hold ratio), but the articles still note sey SHIB price action never confirm clear upside momentum yet.
Neutral
Both summaries dey show constructive on-chain signs for SHIB—wallet counts dey rise, long-term holders retention higher (~78%), exchange reserves don drop (~80.9T), and burn activity still dey (report say burn-rate jump ~633%; ~410T don comot). These things fit reduce short-term sell pressure and fit support a bullish story.
But di latest article clear say price performance still muted and no clear upside momentum yet. That mismatch between improving fundamentals and market no following through make expected impact on SHIB short-term price neutral instead of fully bullish.