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BTC 
SHIB Latest news from Shiba Inu Coin: Analysis of the growth of SHIB's holding addresses
The most important news about Shiba Inu Coin today is not price fluctuations, but that the number of holding addresses has soared overnight, and then almost stagnated. Amid this unusual surge in wallets, record token destruction and the latest price changes, SHIB has had a truly busy period. The following is what actually happened and its significance.
What is Shiba Inu coin?
For those who are new to the token, Shiba Inu is a large Ethereum-based meme coin known for its huge token supply, the "destruction" mechanism for removing tokens from circulation, and one of the largest holder groups in the cryptocurrency space.
Latest developments: Position addresses surged, and then growth slowed down
On July 6, 2026, the number of position addresses in SHIB increased by nearly 75,000 in 24 hours, bringing the total to exceed 1.675 million. By any measure, this was a huge one-day increase. 
Subsequently, growth almost stalled. From July 6 to July 17, there were less than 1900 new positions, which was only a small part of the single-day surge rate. According to the latest data, the total number of positions currently held is approximately 3.06 million.
What is the reason for the surge?
This part is still unclear and deserves to be regarded as unconfirmed information. A community analyst pointed out that a smart contract from decentralized exchange WoofSwap generated random wallet addresses and sent a very small amount of SHIBs to each address, enough for blockchain trackers to count them as a "position address", but there are no real investors behind them. WoofSwap called the event a community experiment rather than misleading.
Does the number of positions really matter?
This is a reasonable question. Even though there are millions of wallets holding SHIB, the majority of the token's market value is still concentrated in a few giant whale wallets. This gap is why the slowdown in growth after July 6 is more noteworthy than the surge itself-it suggests that the growth is in the number of addresses rather than the addition of determined investors. This provides useful background information for those who follow SHIB news closely.
SHIB Destruction Rate News: Record destruction occurred during the same period
There was also a noteworthy SHIB Destruction Rate News during this period. On July 8, the number of pieces destroyed in a single day exceeded 110 million pieces, setting the largest single-day destruction record in six months, pushing the total number destroyed per week to 152 million pieces. Even so, this amount is still small compared with the circulating supply of approximately 589 trillion SHIB units; prices fell by about 5% in the next few days, once again demonstrating that destruction alone has never been enough to drive SHIB price changes.
Today's Shiba Inu Price
Judging from the data: The current trading price of SHIB is approximately US$0.000004162, up 0.87% in 24 hours. The market value is approximately US$2.45 billion, and the 24-hour trading volume is approximately US$53.72 million. The circulation supply is 589.24 trillion SHIBs, and the total supply is 589.49 trillion SHIBs. 
This price change mainly followed the broader market's rebound, with Bitcoin rising 1.47% over the same period, while signals on the chain showed that exchange outflows roughly doubled-which usually indicates that the holder is transferring the token out of the trading platform rather than preparing to sell. If SHIB holds on to the support level of US$0.0000406 to US$0.0000410, it could test the 20-day exponential moving average (approximately US$0.0000420); a break below this support could test the recent low again (approximately US$0.000004065).
A broader perspective
This period is a useful case study for those following the latest news on Shiba Inu : a dramatic surge in positions, record destruction and a mild price rebound all occurred in a few days, but none of the factors fully explained the next step for SHIB. It is this combination of unresolved issues that makes this one of the most interesting stories in the current Shiba Inu cryptocurrency field, rather than just another regular price update.
Conclusion
The surge in positions, record destruction and price rebound simultaneously affected SHIB within a few days, but none of the factors could fully explain its next move. Before reaching conclusions, focus on demand and whale activity, not just the headlines.
