Shiba Inu Addresses Exceed 1.8 Million on Ethereum and Shibarium
Shiba Inu (SHIB)
Editor:
Eugene Serbin
u.today reports that Shiba Inu has surpassed 1.8 million addresses across Ethereum and Shibarium. Community member Mazrael highlighted this milestone by combining holder counts from both networks. He argued that measuring growth across all chains provides a more accurate picture than relying on single-chain data.
Etherscan data showed 1.689 million holders on Ethereum, while ShibWallet data indicated 1.84 million combined addresses. Mazrael stated, "We are MultiChain. Shiba is everywhere.
You need to add holders on all chains." The ecosystem also includes BONE with 98,600 holders, LEASH with 53,800, and TREAT with 4,700. Ethereum remains the primary home for the token, while Shibarium expands its on-chain footprint.
This multi-chain approach highlights the broader presence of the Shiba Inu network. The data reflects a growing user base across the project's dual-chain structure. These figures underscore the distributed nature of the Shiba Inu ecosystem.
How the market reacted
Whalio's own Binance spot order flow for SHIB, measured when this story was written up on 12 September 2026. Not the outlet's figures.
Whalio data shows SHIB trading at $0.000005170 with a 24-hour buy ratio of 48.2%. The 1-hour buy ratio is 34.6%, indicating weaker immediate buying pressure compared to the daily average. A negative volume delta of -$50,719 in the last hour suggests sellers are currently outweighing buyers. Over 24 hours, the volume delta stands at -$178,440, confirming net selling pressure throughout the day. The buy ratio represents the percentage of trades driven by buyers versus sellers. A negative volume delta means more volume was sold than bought in that period.
The latest daily buy ratio of 45.6% sits at the 11th percentile of the last 322 days, against a median of 48.8% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for SHIB, averaged over the days leading up to the story.
The 24-hour buy ratio of 48.2% is slightly below the 7-day average of 47.8%, showing a marginal shift. Volume over 24 hours is 1.20 times the weekly average, indicating higher than usual activity. Only one of the past seven days saw net buying, suggesting a generally bearish trend. The 8-day price change is -1.1%, with a total volume delta of -$1,413,955. This day reflects a continuation of the weekly downtrend with elevated but net-selling volume.