Holder growth reached 1.691 million, strengthening demand despite recent price weakness. SHIB's burn rate jumped 715.92%, though weekly activity has cooled. The BoJ decision could test SHIB's
Shiba Inu has shown surprising strength despite fresh pressure from the Federal Reserve. The token reversed higher after the latest rate decision. Buyers pushed SHIB toward $0.000005029 as market attention returned. Rising holder numbers have added another bullish signal for traders. Meanwhile, a sharp increase in token burns supports the recovery narrative. However, key risks remain beneath the surface. Concentrated wallets and another major central bank decision could challenge SHIB's momentum.
https://twitter.com/cryptowithgopal/status/2100496658215674000SHIB's holder base continues expanding despite several weeks of weak price action. Shibtoken recently reported nearly 6,000 new holders within two weeks. That growth pushed the total holder count toward 1.691 million. Current tracking suggests the figure could reach 1.7 million soon. Growing ownership can signal stronger interest across the broader Shiba Inu community. However, holder growth alone cannot guarantee sustained buying pressure.
Large wallets still control a substantial share of SHIB's total supply. That concentration could amplify volatility during periods of heavy selling. Burn activity has also strengthened across the ecosystem. Shibburn data recorded a 715.92% increase during the past 24 hours. One transaction removed more than 30 million SHIB tokens. Such activity reduces supply while highlighting renewed network participation. However, the weekly burn trend has cooled from recent spikes.
Sustained burns could provide stronger support for SHIB's longer-term supply dynamics. SHIB also gained attention from a major development in Japan. Laser Digital Japan added SHIB among six supported digital assets. The Nomura-backed firm completed regulatory registration before expanding support. That development gives SHIB greater exposure within Japan's regulated crypto market. Increased access could strengthen demand if Japanese participation grows over time. However, broader market conditions still remain crucial for future price performance.
The Bank of Japan presents another major event for SHIB traders. The central bank meets on September 17-18, 2026. Japan currently maintains a benchmark interest rate near 1.0%. Markets have priced in a possible increase toward 1.25%. A rate hike could pressure risk assets across global financial markets.
Higher borrowing costs can reduce demand for speculative assets, including cryptocurrencies. SHIB already survived the latest Federal Reserve decision without a major breakdown. Buyers instead stepped in and pushed the token higher. That reaction suggests traders may have already priced in some monetary tightening risks.
Still, another rate increase could challenge the current recovery. SHIB needs continued demand to maintain upward momentum after the latest bounce. Falling volume could weaken the move and leave the token vulnerable. The current price remains near $0.000005029, with market capitalization around $2.948 billion.
