The number of wallets in the Shiba Inu ecosystem continued to increase in June. According to on-chain data, new addresses continued to be added despite the market’s search for direction and the weak outlook on the price side. Latest data shows that the community’s growth has not completely decoupled from short-term price performance, but investor interest remains buoyant.
3,464 new addresses were added in June
According to data shared by the Etherscan SHIB account, which tracks SHIB movements, 3,464 new Shiba Inu owner addresses have been added so far in June. Thus, the total number of on-chain holders reached 1,590,266 as of June 19. Etherscan is widely known as a blockchain explorer for monitoring transactions and wallet movements on the Ethereum network.
As of June 19, 2026, the number of on-chain holders increased to 1,590,266. 3,464 new holders have been added so far in June.
This increase indicates that new user entry into the Shiba Inu ecosystem continues. The fact that the price could not exhibit a strong recovery in the same period makes the increase in the number of addresses even more remarkable.
Community grows while price remains weak
There was pressure on the SHIB price throughout June. The asset tested the local bottom on June 6, falling as low as $0.00000433. Although there was an attempt to recover towards $0.0000052, this rise could not be maintained. At the time of writing, SHIB was trading at $0.000004662.
While the SHIB price decreased by 2.01% in the last 24 hours, the weekly loss was approximately 6.50%. In the same period, the 24-hour trading volume was recorded as 45.32 million dollars and the market value was 2.75 billion dollars. This chart reveals that short-term price performance remains under pressure.
Macro data increased volatility in the market
The recent volatility in the crypto market has affected many assets, including SHIB. Different expectations, especially after the US Central Bank Fed meeting, increased the selling pressure on Friday. Liquidations in leveraged transactions were also among the factors that hardened the market movement.
Although there was a short-term recovery towards the end of the week, economic data from the USA did not allow the pressure to completely dissipate. Initial unemployment benefit applications for the week ending June 13 were announced as 226,000. The expectation was 225,000.
The main question remains on the price side
The rise in the number of wallets suggests that participation rather than exit is prominent in the Shiba Inu network. However, the expansion of the holder base alone does not mean an increase in prices. While the data shows that the network continues to grow, it seems that the market is still unable to establish a clear trend in general direction.
One of the most watched topics in the short term will be whether the increase in the number of holders will have an impact on the price in the future. For now, the gap between on-chain growth and market performance remains notable.
