Top 10 Shiba Inu Holders Control 61.3% of Total Supply
On-chain data indicates a high concentration of supply for Shiba Inu among its largest holders. Key points include:
- The top 10 wallets control approximately 61.3% of Shiba Inu's total supply.
- Ethereum follows with 46.1% controlled by its top 10 wallets.
- Toncoin and Chainlink have lower concentrations at 33.1% and 32.8%, respectively.
High supply centralization poses risks, as significant sales by these holders can lead to sharp price drops, impacting smaller investors. Conversely, if large holders continue to hold or accumulate, it may signal confidence in the asset.
The recent trend shows that while Shiba Inu, Ethereum, and Chainlink's whale holdings have remained stable, Toncoin has seen an increase in whale accumulation, indicating potential bullish sentiment.
Currently, Shiba Inu trades at $0.0000152, reflecting a nearly 22% decline over the past week.
