Shiba Inu (SHIB) Welcomes 358 New Millionaires In One Year – Can SHIB Reach the $1 Mark?

Shiba Inu (SHIB) is attracting more whale investors, with million-dollar holders rising from 589 to 947 in a year.

While SHIB dropped 22.48% over the past month, it’s starting to bounce back with a 3.4% gain in the last 24 hours. With growing interest and more accumulation, SHIB may be looking at a strong comeback and further growth.

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As SHIB is set for a new ATH, PlutoChain ($PLUTO) could gain attention because it could expand Bitcoin’s capabilities. It offers a hybrid Layer-2 blockchain that might make Bitcoin faster, more scalable, and lower transaction costs.

Let’s see the details!

Is Shiba Inu Growing Stronger and Heading Toward the $1 Mark?

Over the past year, the number of Shiba Inu addresses holding at least $1 million grew from 589 to 947, adding 358 new millionaire holders. Addresses with $10 million or more in SHIB also increased from 59 to 69, showing more interest from large investors. This could be due to both price growth and increased accumulation. SHIB’s price went from $0.000010 in February 2024 to about $0.000016 in February 2025, a 53.65% increase.

In March 2024, when SHIB hit $0.000045, millionaire addresses peaked at 1,520 before dropping. The count rebounded in December 2024 but has recently started declining again. Despite this, there are still more millionaire holders than a year ago, suggesting that accumulation and price appreciation have both played a role. Analyst Javon Marks says SHIB could be set for a new ATH, potentially increasing its price by 422%.

Trends show more long-term holders, with a 1.29% increase in those holding for over a year. Mid-term holders (1-12 months) rose by 11.79%, while short-term traders (less than a month) fell by 59.05%, signaling a move away from quick trades. Some analysts suggest long-term adoption could push it toward $1, but only by 2050. While the possibility keeps investors hopeful, massive supply reductions and demand growth would be necessary.

PlutoChain ($PLUTO) – New Hybrid Layer-2 Innovation That Could Make Bitcoin Practical for Everyday Use

PlutoChain ($PLUTO) could help improve Bitcoin’s functionality through a Layer-2 solution. Bitcoin transactions can be slow and costly, especially when the network is busy. PlutoChain might solve this by introducing a Layer-2 network that may make transactions faster and cheaper.

Bitcoin’s block time is about 10 minutes, making it slower than networks like Ethereum and Solana. PlutoChain’s Layer-2 solution offers a mere 2 second block time.

Another key feature is its Ethereum Virtual Machine (EVM) compatibility, which might allow DeFi apps, NFTs, and AI-based projects to integrate with Bitcoin. This could bring more developers and users to the network.

PlutoChain’s testnet has already processed over 43,200 daily transactions, showing that it might handle large-scale use. To improve security, it has completed audits with SolidProof, QuillAudits, and Assure DeFi.

Also, it includes a governance system where users can vote on updates and new features. This may help the project grow in a decentralized way. PlutoChain could improve Bitcoin by making transactions faster and reducing costs.

Final Thoughts

Shiba Inu (SHIB) has gained more whale investors and long-term holders, showing that confidence in the token is growing. While its price has gone up and down, analysts like Javon Marks believe it could see a big jump, possibly increasing by 422%.

However, the spotlight might shift to PlutoChain ($PLUTO), a hybrid Layer-2 solution that could unlock Bitcoin’s untapped potential. By enabling smart contracts, dApps, and DeFi innovations, PlutoChain might combine Bitcoin’s security with Ethereum’s functionality.

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This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.