The number of Shiba Inu addresses holding at least $1 million worth of SHIB has increased from 589 to 947 in the past year, suggesting accumulation by large investors. This trend is also seen in addresses holding $10 million or more in SHIB, which grew from 59 to 69. The rise in high-value holdings may be due to increased SHIB accumulation or price appreciation. However, Shiba Inu's price has experienced fluctuations, including a 27% drop in the past month. Despite the increase in millionaire addresses, the adoption rate among new addresses has reached a multi-year low, indicating reduced interest from smaller investors.



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