After a sharp drop on April 11th during a turbulent market day, the number of active addresses using the Shiba Inu network is now starting to recover.
Data from CryptoQuant shows a sharp drop in activity on the Shiba Inu network last week. The number of active addresses fell by about 33% in just one day, going from a weekly high of 2,568 to 1,707.
It appears that fewer people were actively using this popular dog-themed meme token recently. This drop in activity seems to be mainly because of the recent downturn in the overall market, which made traders hesitant.
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Shiba Inu regaining momentum
After a recent dip, the number of active Shiba Inu addresses has been steadily increasing over the past four days. As of April 15th, there are currently 1,986 active addresses, representing a significant 16.82% increase.
The recent increase in activity on the Shiba Inu network coincides with growing optimism among investors in the wider cryptocurrency market.
The recent increase in active Shiba Inu addresses happened after a significant price jump, where the cryptocurrency regained its former peak and saw substantial daily increases.
The increase in Shiba Inu network activity indicates the cryptocurrency is starting to recover after its recent price surge, with more people using the network again. This suggests investors and traders are becoming more confident and hopeful about its future.
After a recent rebound in the overall cryptocurrency market, Shiba Inu’s price has started to level off. However, SHIB experienced a slight dip, falling 0.81% in the last 24 hours and currently trading at $0.000005869.
As an analyst, I’m watching Shiba Inu closely, and if we see a full recovery in its current momentum, we could be looking at the potential for another zero to be dropped from its price. Essentially, that means a significant price increase could be on the horizon.
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2026-04-15 17:31