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.