The meme coin clings to a brutal downtrend from this endless bear and extra gloomy vibes. 🖤 Even so shiba inu’s holder count keeps climbing and just smashed a fresh all time high.
The Explosive Wallet Spike ✨
The total shib wallets have crept up steadily but then spiked hard right at the start of the month. According to the x account bscn the meme coin saw a wild surge of nearly 75000 fresh holders between july 5 and july 6 way past its usual daily pace. It remains unclear why the number shot up so fast with some guessing a possible glitch but the count now sits at 1676535 marking a brand new peak.
The rising wallets stand out against shib’s sliding price which sits around $0.0000042 right now after a 15 percent monthly drop and a massive 95 percent fall from its 2021 peak.
More Pain on the Horizon? 🌙
The climbing wallet numbers might be the lone bright spark for shiba inu lately while its burn rate has slowed again after a brief flare and shibarium activity has dropped near zero. The layer 2 meant to speed things up cut fees and scale better once handled millions of daily transactions but now only sees thousands or hundreds especially after last year’s issues.
These drags plus fading meme interest point to more downside ahead for the bulls. According to bscn shib’s daily volume hit nearly $700 million a year ago yet today on july 13 it barely touches $50 million. Analyst sentiment stays gloomy too as trader james wynn called shib old dead and boring expecting no comeback for five to ten years until nostalgia might stir it again. 🕸️💀🦇📉🔥🕷️💎
Just another echo from the void by iconofsin.eth 💖
