Shiba Inu adds 150K holders – Why SHIB still faces downside risks

Shiba Inu's [SHIB] holder base grew significantly in 2026. Reportedly, SHIB saw an additional 150,017 on-chain holders, bringing its total to 1,698,647 by the 19th of October. In fact, the figure reflected a significant growth from the 1,548,630 holders recorded at the beginning of the year 2026. Additionally, SHIB also attracted attention following developments surrounding T. Rowe Price's proposed multi-asset cryptocurrency ETF. In particular, the proposed fund identified SHIB among the crypto assets eligible for potential exposure, offering another possible avenue for institutional participation. Here, it is worth noting that the filing, however, did not confirm actual SHIB holdings or establish a dedicated spot ETF. Both developments nevertheless highlighted SHIB's growing reach across both the retail and potential institutional markets.

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