Gate News message, April 24 — Shiba Inu’s holder base expanded sharply between April 19 and April 22, 2026, with more than 10,000 new Ethereum wallets joining the network and pushing the total above 1.573 million. Etherscan data recorded the move as one of the fastest short-term expansions this year.
April 21 marked the largest single-day increase, with 4,958 new wallets entering on that day. Over seven days, the net gain reached approximately 5,653 wallets. SHIB climbed over 7% in the week leading up to April 22 and broke a multi-year descending triangle pattern on the daily chart. On-chain metrics reinforced the trend, with around 505 billion SHIB moving off centralized exchanges over the past week—a shift typically interpreted as movement toward self-custody. Long-term holder data showed steady growth, expanding roughly 78% over the past year.
Shibarium, the Layer 2 network, crossed 1 billion total transactions, contributing to ongoing burn mechanisms tied to network usage. The Shib team outlined a Q2 2026 privacy upgrade integrating Fully Homomorphic Encryption in collaboration with Zama, aiming to enable encrypted transactions and data processing on Shibarium for privacy-focused DeFi and gaming applications. The LEASH v2 migration continued in phases following a completed security audit, with additional roadmap items including Layer 3 expansion and AI-related tools.
At the time of writing, SHIB was trading near $0.000006137, up 0.47% on the day. Its market cap stood around $3.62 billion, with 24-hour trading volume reaching approximately $91 million, down 13.5% from the previous day. Weekly performance remained nearly flat at negative 0.3% after earlier highs near $0.0000064.
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