- In April 2025, Shiba Inu added 109 millionaire addresses, reflecting a 7% price surge.
- The increase was driven by both price growth and a notable accumulation trend among large holders.
In April 2025, Shiba Inu (SHIB) experienced a significant boost in its ecosystem, with the number of millionaires holding the token growing by 109 addresses. This surge in millionaires came as part of a broader rally in the cryptocurrency market, which saw a 10.31% increase in market cap, adding $270 billion. Despite Shiba Inu’s price growth being smaller compared to some other assets, its rebound was noteworthy, as it climbed 7% to reach $0.000013.
While the global crypto market enjoyed a broader uptrend, the most impressive aspect of Shiba Inu’s performance was the increase in million-dollar addresses. According to on-chain data from IntoTheBlock, the number of millionaire addresses holding at least $1 million in SHIB jumped from 751 at the start of the month to 860 by April 30.
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Breaking down these new millionaire figures, 796 addresses hold between $1 million and $10 million, marking an increase of 107 addresses. The number of those holding balances greater than $10 million saw a modest rise, increasing by just two, to 64 addresses by month-end.
So, what’s behind this dramatic rise in millionaire addresses? One factor is Shiba Inu’s price growth. As the price of SHIB rose from $0.00001237 to $0.00001355, investors holding significant quantities of the token saw their portfolios cross the $1 million threshold. For example, an investor with 73.8 billion SHIB saw their balance grow to $1 million during April, whereas at the beginning of the month, it was valued at $912,915.
The second factor contributing to the increase in millionaire addresses is the accumulation trend observed throughout the month. Data shows that addresses holding between 10 billion and 100 trillion SHIB tokens added over 210 billion SHIB, now collectively holding more than 541 trillion tokens. This signals a shift in the distribution pattern that has been seen in previous months, as more investors accumulate large amounts of Shiba Inu, confident in its continued growth.
As Shiba Inu continues its momentum, April 2025 will likely be remembered as a pivotal month for the token, with hundreds of investors becoming millionaires in the process.
