Shiba Inu Supply Held By Whales Has Reached Larming Levels

Key Points:

• Shiba Inu tokens, or SHIB, account for 80% of the entire supply, according to data from CoinMarketCap that was submitted to IntoTheBlock.
• SHIB’s concentration in the top 10 to 100 investors has decreased over the past month.
• 100 of Ethereum’s top holders have decreased their position in SHIB by the equivalent of $25.2 million during the last 30 days.

Shiba Inu tokens, or SHIB, account for 80% of the entire supply, according to data from CoinMarketCap that was submitted to IntoTheBlock. They are called whales whose asset position represents more than 1% of the entire supply.

The top 100 SHIB investors control 81.41% of the token’s supply, according to more precise data, while the top 10 whales hold 62.72%. It is also crucial to make clear that a “dead” address holding 41.03% of the whole quantity of Shiba Inu tokens is intended for SHIB burning.

SHIB’s concentration in the top 10 to top 100 investors

However, the data shows that SHIB’s concentration in the top 10 to top 100 investors has decreased over the past month. Since the beginning of December, there have been more SHIB holders, which means more retail investors are becoming interested in the asset.

Data from WhaleStats indirectly confirms the figures regarding the dropping percentage of significant investors in Shiba Inu coins. 100 of Ethereum’s top holders have decreased their position in SHIB by the equivalent of $25.2 million during the last 30 days. In contrast, this investment category held a holding worth more than $600 million in Shiba Inu tokens in the middle of the summer.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

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Annie

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