Shiba Inu Notches New Adoption Record In Anticipation Of Shibarium Launch

Shiba Inu Notches New Adoption Record In Anticipation Of Shibarium Launch

Shiba Inu (SHIB) has been garnering attention in recent weeks, with its price showing a good recovery after reaching a yearly low in June. This coincides with the excitement around the upcoming launch of Shibarium, a layer-2 blockchain network for the second-largest meme token.
It appears that the forthcoming Shibarium launch has propelled SHIB to a significant milestone, as the number of addresses holding the token has hit a new all-time record. 
Shiba Inu Sets New All-Time High In Addresses
Data from IntoTheBlock reveals that the number of SHIB addresses at a given time has reached a new peak of 3.51 million. The previous all-time high was set in May 2022, when the number of addresses stood at 3.23 million.
The number of addresses holding the SHIB token has been steadily rising in the past few months, but this rate of adoption notably surged in July. This is reflected in last week’s figure, as the number of addresses holding the token spiked by more than 22%.
A steady increase in

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