Share this article
Speculative SHIB Market Sees Increased 'HODLing'
Holders remain unfazed and have been buying the token in recent weeks, an analytics firm said.
Updated May 11, 2023, 5:27 p.m. Published Apr 13, 2022, 8:04 a.m.
, a meme cryptocurrency, is seeing signs of green shoots in the form of investor interest in HODLing – crypto slang referring to buy and hold an asset for the long term.
- The number of "hodlers," or addresses holding the self-proclaimed dogecoin killer for more than a year, has jumped by a staggering 1,900% to 3,750 since late January, data tracked by blockchain analytics firm IntoTheBlock shows. The number of "traders," or addresses holding for less than one month, has declined by 38% to 49,790.
- The balance held by long-term investors has increased by 127% to 27.93 trillion during the same period. The tally has increased 57% in the past 30 days alone.
- The balance held by "cruisers," or addresses with a holding period of one to 12 months, has dropped by 2% since January, while the number of coins held by traders has increased by 40% to 32 trillion.
- The slight tilt toward "hodling" is perhaps a welcome development for the cryptocurrency, which is often criticized for being a gamblers' darling. Analysts consider a surge in SHIB's valuation as a sign of froth and the crypto bull market nearing an end.
- "SHIB hodlers remain unfazed and accumulated during the past weeks and it's paying off with today's Robinhood announcement," IntoTheBlock said in a Telegram broadcast.
- On Tuesday, the popular trading platform Robinhood Markets listed shiba inu, opening doors for its roughly 17 million users to take exposure to the volatile cryptocurrency. SHIB jumped nearly 22% on Tuesday, registering its biggest single-day percentage gain since Feb. 6, according to data provided by charting platform TradingView.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- While accumulation by holders during the recent dour price action is a welcome development for the bulls, the balance held by these addresses still accounts for just 5% of the total circulating supply of 549 trillion. "Cruisers" or addresses with a holding period of one to 12 months, own more than 93% of the supply, according to IntoTheBlock.
- As a result, it's a long way before SHIB can shed its reputation as a cryptocurrency dominated by speculators. While addresses-based metrics are widely tracked to gauge investor activity, they aren't perfect indicators. A single entity can have multiple addresses and can hold its coin stash in several wallets.
Also read: Shiba Inu's Metaverse Will Feature More Than 100K Land Plots
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Strategy shares register first six-month losing streak since adoption of bitcoin strategy in 2020
Crypto analyst Chris Millas has highlighted an unusually persistent slump in Strategy shares, breaking with past drawdown patterns even as the firm continued accumulating bitcoin.
What to know:
- Strategy shares fell in each of the final six months of 2025, marking the first time since the firm adopted bitcoin in August 2020 as a treasury reserve asset.
- The decline stands out for its persistence, as past selloffs were often followed by sharp rebounds.
- The stock sharply underperformed both bitcoin and the Nasdaq 100 despite the firm's continued BTC purchases.
Top Stories
