Shiba Inu (SHIB) has surpassed 1.5 million on-chain holders, reaching 1,585,193 as the community awaits further developments. The milestone comes as the SHIB burn mechanism grinds forward, with 1,305,818 SHIB still residing in the community pool and over 1 million tokens sent to dead wallets in the past 24 hours.
According to Shibburn data, 1,040,871 SHIB were burned in the last day, marking a 90.19% drop in the daily burn rate. However, weekly burn activity rose 3.34%, with 51,669,707 SHIB burned over the past seven days and 208,429,367 SHIB over the past 30 days. To date, 41.08% of the initial 1 quadrillion SHIB supply has been sent to dead wallets.
SHIB price action remained muted over the weekend, with the token trading at $0.00000619, up 0.65% in the past 24 hours and 2.29% on the weekly timeframe. The Shiba Inu community continues to anticipate updates from lead ambassador Shytoshi Kusama, who recently held a discussion focused on spiritual themes and updated his X bio to reflect more insights to come. His location on X still reads "wiring features & counting down."
Meanwhile, BONE, the gas token powering Shiba Inu's Layer-2 blockchain Shibarium, crossed 93,000 holder addresses this week after adding 5,653 new wallets in seven days — an 87% jump in weekly growth rate. According to the Shibizens X account operated by the Shibarium team, this growth is primarily driven by validator re-delegations on the network rather than a surge of new retail buyers.
On-chain data reveals BONE tokens are moving away from centralized exchanges into non-custodial wallets as transaction activity climbs alongside an expanding active user base. Large wallets holding at least 1 million BONE increased their positions by 4.2% in April, bringing their collective share to nearly 60% of total supply. These top wallets have an average holding period of 412 days, signaling long-term conviction in Shibarium's trajectory.
Trading volume spiked 51.77% over 24 hours to reach $1.7 million, even as BONE's price fell 2.5% to $0.05766. Year-to-date, BONE has lost 28% of its value, with over 10% lost in the past month alone. The token currently sits 99.86% below its all-time high of $41.67 from September 2021.
