The ecosystem of a popular meme coin has attained two major milestones, showing the continued interest in the token that could lead to a bullish scenario. Analysts reported that Shiba Inu recently reached 1.5 million holders while its Shibarium recorded 10 million blocks, an indicator that the SHIB ecosystem could attract new users.

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1.5 Million SHIB Holders

Crypto analysts revealed Shiba Inu successfully achieved a major milestone, offering a bright spot for the broader cryptocurrency market which has faced some challenges recently.

The project’s marketing lead, LUCIE noted that the meme coin hit 1.5 million holders on March 18, reaching such a milestone is an important achievement for any crypto.

As of writing, about 843 new holders have joined the Shiba Inu ecosystem, indicating that the token remained attractive to traders.

SHIB has reached 1.5 million on-chain holders! pic.twitter.com/sKaAO57R6I

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) March 18, 2025

Analysts believe that Shiba Inu’s milestone suggests continued interest in the meme coin, fueling the token’s significant growth. It also showed a bullish outlook on the meme coin.

Market observers said that the milestone might signify the unwavering belief of its community in the token.

10 Million Blocks For Shibarium

Meanwhile, Shiba Inu’s Ethereum Layer 2 network, Shibarium also recorded a win after surpassing 10 million blocks with an estimated 10,010,974 blocks as of press time.

Crypto analysts said that this achievement is proof of the network’s longevity and reliability, adding that it could entice more new users.

Market observers noted that the network has experienced exponential growth in total addresses in the last few weeks as it now tallies almost 175 million.

Shibarium’s growth is crucial in burning SHIB tokens and a major price control mechanism. Many investors are optimistic that diminishing supply and solid demand might send the token to surge. Shibarium played an essential role in burning around 713 million SHIB.

Unmoved By The Crypto Downturn

Many analysts say that milestones achieved by Shiba Inu and Shibarium offer a great deal of hope to investors, considering the ongoing downtrend in the cryptocurrency market.

For instance, Shiba Inu tanked by about 68% in the last four months, dipping from a high of $0.00003343 in December 2024 to a low of $0.00001082 in March 2025.

On the other hand, some analysts raised their concern about Shiba Inu underperforming the competition, noting that the token only increased by 98% following the US presidential election, while the Dogecoin skyrocketed by 200%.

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Currently, Shiba Inu is traded at $0.00001288 per token, down by 0.2% in the past 24 hours with a total market cap of over $7.5 billion.

Featured image from Getty Images, chart from TradingView

Tron (TRX) founder Justin Sun has staked $100 million worth of Ethereum (ETH), according to the blockchain analytics platform Arkham.

Arkham notes that Sun’s staked ETH will yield $3 million worth of Ethereum per year in passive income.

In addition to staking ETH, Sun also teased that Tron’s native asset, TRX, would soon be available on the Ethereum competitor Solana (SOL).

Sun, a polarizing figure in the crypto community, says it is currently “Tron meme szn [season].” He also notes that the issuance of top stablecoin USDT on Tron recently reached a new all-time high of $64.7 billion.

The U.S. Securities and Exchange Commission (SEC) recently paused its civil case against Sun. According to recent court filings, the Tron founder and the regulatory agency jointly asked United States District Judge Edgardo Ramos if they could “move to stay [the] case to allow the parties to explore a potential resolution.” Ramos granted the application a day later.

In 2023, the SEC accused Sun – who went on to invest millions of dollars into President Donald Trump’s decentralized finance platform World Liberty Financial – and his crypto firms of fraud, selling unregistered securities and manipulating the price of the digital asset TRX via wash trading.

TRX, a layer-1 asset, is trading at $0.23 at time of writing. The 10th-ranked crypto asset by market cap is down nearly 1% in the past day but up nearly 3% in the past week.

ETH is trading at $2,033 at time of writing. The second-ranked crypto asset by market cap is up nearly 7% in the past 24 hours and more than 8% in the past seven days.

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Crypto strategist Michaël van de Poppe says Bitcoin (BTC) may take off on a series of rallies if it can break through a key resistance level in the coming days.

The analyst tells his 782,000 followers on the social media platform X that Bitcoin needs to flip $84,500 into support this week in order to regain bullish momentum.

However, he warns if Bitcoin fails to break through $84,500, the flagship crypto asset may collapse in price.

“I really want to see some momentum on Bitcoin. If it doesn’t happen this week and we’ll break sub $82,000, likely we’ll see some new lows. Break $84,500 equals party time.”

Looking at his chart, the analyst says if Bitcoin fails to reclaim $84,500 as support this week, there are two likely outcomes.

“Two scenarios, as Bitcoin faces crucial resistance here:

• Reject and find a higher low [around $82,000].
• Reject and double-bottom retest [in the $70,000 range] before moving higher.”

Bitcoin is trading for $87,315 at time of writing, up 5.7% in the last 24 hours.

Next up, the analyst says that the decentralized oracle network Chainlink may be printing a double-bottom pattern against Bitcoin (LINK/BTC) on the weekly chart.

A double-bottom pattern is typically considered a bullish reversal pattern as buyers step in to create a price floor for an asset.

“LINK doing a double bottom test and back to the range low. Weekly firing up nicely. Things are heating up the right way.”

Based on the trader’s chart, he seems to predict that LINK/BTC will soar to as high as 0.000795 BTC worth $68.39.

LINK/BTC is trading for 0.0001719 BTC ($14.92) at time of writing, up nearly 2% in the last 24 hours.

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