Shiba Inu Holder Count Surges Past 1.6 Million Amid Ongoing Price Weakness

Shiba Inu (SHIB) has seen significant growth in its on-chain holder count, reaching 1,693,365 as of September 27. The number of holders increased by nearly 9,000 in September alone, with a notable surge of 1,235 new holders in the last 24 hours.

This increase suggests that SHIB is attracting more users to its ecosystem, despite the ongoing price weakness. New wallets have been accumulating SHIB throughout September, bringing the total closer to the much-anticipated 1.7 million milestone.

The data shows that SHIB needs just 6,635 additional holders to reach this mark. With the current rate of adoption, it's possible that SHIB may achieve this milestone before the end of September.