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The dog-themed cryptocurrency Shiba Inu has seen its number of holders rise in 2026, despite the ongoing bearish market conditions.
A dedicated X account, Etherscanshib, which provides real-time updates on SHIB, said Shiba Inu has added 147,593 addresses to its holder base year-to-date.
The latest daily update for Day 303 of 2026, which is Oct. 30, saw an increase of 210 new holders, a sign of the steady growth in wallet creation, which has now risen to 1,696,223 on-chain holders. The addition of 147,593 holders this year indicates SHIB's growing on-chain presence.
The growth raises questions about what could be propelling a fresh round of participation in the Shiba Inu ecosystem. The increase in holders might be due to continued community engagement, accumulation by smaller investors and renewed interest in the broader Shiba Inu ecosystem.
As SHIB's holder count nears 1.7 million, market watchers may keep an eye out to see if this growth will continue at the same pace through the remainder of 2026.
SHIB news
At the time of writing, SHIB was down 1.89% in the last 24 hours to $0.0000047, trading in the red on the last day of October 2026.
Binance saw a serious security incident involving unauthorized withdrawals of funds where its hot wallets were compromised, resulting in a loss of $6.3 billion worth of token assets, triggering a drop in crypto prices on Friday.
As reported, Shiba Inu community member Mazrael highlighted that nearly 500 billion SHIB, or 0.05% of the Shiba Inu supply, were impacted in the incident.
Often referred to as "Uptober" in crypto circles due to a track record of outperformance, October might now need to shed that nickname, with most cryptocurrencies down for the month.
With less than 24 hours to go in the month, SHIB is down 18.12% so far, on track for its first red month since July. This week, Shiba Inu gained another travel utility as holders can now pay for rental cars through the travel platform Travala using SHIB at more than 50,000 locations.
Arman Shirinyan
Dan Burgin
