According to data from IntoTheBlock, Shiba Inu's billionaire addresses, which hold 100 billion to 1 trillion SHIB, have increased their holdings by 20% over the past 30 days. The increase in holdings is being seen across different tiers of holders.

The rise in billionaire Shiba Inu addresses' holdings may be attributed to optimism for the forthcoming launch of Shibarium mainnet. Shibarium's innovative features and underlying technology could drive genuine value and utility for SHIB, BONE, LEASH and beyond, according to a Shiba ecosystem official.