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ETH 
SHIB Shiba Inu community is about to reach an important milestone
Shiba Inu ($SHIB) meme coin is standing on the threshold of an important community milestone. Data shows that the current number of holder addresses of the token on the Ethereum network is 1,698,001, which is less than 2,000 wallet addresses away from the 1.7 million mark.
Steady growth in September and October
The increase in this data is not explosive growth, but shows a gradual trend. Throughout September, the number of addresses holding SHIBs increased by 8,927, reaching 1,693,365 as of September 27. This growth continued into October, and over the next two weeks, SHIB added approximately 4,770 new holder addresses.
This continued and stable accumulation is particularly eye-catching because it occurs against a background of relatively flat price fluctuations. Although SHIB's price performance continues to be weak, its holder base has expanded significantly in the past few months. For many observers, the continued growth in wallets during periods of low prices is itself a sign of lasting community interest.
Note that there are limitations to the data. "Number of holders" measures the number of blockchain addresses associated with tokens, not the number of independent individuals. A single person or organization may control multiple addresses, and the metric does not show how many SHIBs are held at each address or whether the newly counted addresses represent active users.
Multi-chain layout makes 1.7 million targets conservative
Etherscan's data only captures positions in the Ethereum-native network. When incorporated into other networks,$SHIB's true impact is much broader. Currently, Shiba Inu has more than 1.8 million unique addresses on the Ethereum and Shibarium networks alone, reflecting its continued expansion as a multi-chain asset.
The influence of the token expanded further in early October. On October 4,$SHIB was launched on the Solana blockchain, triggering a sharp increase in transaction activity. In the 24 hours after Solana went online, transaction volume soared to more than $95.8 million, an increase of 171.8%.
Market participants believe that the expansion of Solana's network will help push the number of SHIB's chain holders past the 1.7 million mark faster. Overall, the number of Ethereum holders approaching 1.7 million is not only an upper limit, but also a solid bottom line. Once the addresses of the Shibarium and Solana networks are included, the total holder base of $SHIB far exceeds this number, demonstrating that the meme coin has reached far beyond its original distribution chain.
