Shiba Inu (SHIB) reached a new milestone on May 6, 2026, as its total holder count surged to an all-time high of 1,585,022 addresses. The network added more than 1,100 new wallets within a single 24-hour period, reflecting a rapid expansion of retail participation despite recent market volatility.
The milestone was accompanied by a sharp increase in on-chain activity. According to data shared by the Shiba Inu team via the official Shibarium account, exchange netflows turned negative to the tune of -133.3 billion SHIB, signaling that investors are withdrawing tokens from trading platforms at an accelerating rate. Such movements are typically interpreted as a shift toward long-term holding and accumulation, reducing immediate sell pressure on the asset.
During the same period, SHIB’s price recorded gains of over 3%, adding to a broader recovery trend. The burn rate also skyrocketed by 812.64%, with more than 12 million SHIB permanently removed from circulation. Active addresses tallied 150,375, and trading volume reached $127 million, underscoring a surge in network engagement.
Exchange netflows remaining negative reinforces a bullish signal for SHIB, as diminishing supply on trading platforms often supports price stability and upward momentum when demand rises. The combination of record holder growth, heavy outflows, and an aggressive burn rate has strengthened optimism around the meme token's short- to medium-term trajectory.
