Shiba Inu’s net network growth has flipped bullish according to metrics supplied by IntoTheBlock analytics. The net network growth indicator tracks the number of Shiba Inu wallets that have held onto their coins for less than 30 days. Therefore, a bullish reading might imply that more Shiba Inu holders have held onto their coins recently despite the market volatility experienced in December—bearing in mind the Dec. 4 market sell-off.
After reaching the one million milestone in the number of holders in late November, Shiba Inu is adding new users. According to WhaleStats, Shiba Inu’s current holder count has reached an astonishing figure of 1,080,058.