Shiba Inu hits record 1.585M wallets as investors accumulate and price rises over 3%.

Shiba Inu (SHIB) has reached a new all-time high with 1.585 million wallets, signaling growing user interest amid a recovering crypto market. The token's price rose over 3% alongside this milestone, supported by the addition of more than 1,100 new wallets in 24 hours. Significant accumulation is evident as over 133 billion SHIB tokens moved from exchanges to private wallets, reducing selling pressure and indicating holders prefer to keep their tokens. This combination of expanding user base and decreased exchange supply suggests a strengthening ecosystem and potential for sustained demand.