Usman Salis
Recent blockchain data reveals that 128.99 trillion SHIB tokens are held by only 45 addresses, highlighting significant concentration patterns in Shiba Inu's ownership structure.
Shiba Inu (SHIB) Whale Watch: Massive Token Concentration Revealed
Fresh blockchain data from IntoTheBlock has dropped some pretty wild numbers about Shiba Inu. Get this - a whopping 128,990,000,000,000 SHIB tokens (that's nearly 129 trillion!) are sitting in just 45 wallets right now.
IntoTheBlock calls these holders "investors" - basically addresses that own between 0.1% and 1% of SHIB's total supply. When you think about it, that's a huge chunk of tokens in very few hands. We're talking about roughly 22% of SHIB's entire supply concentrated among less than 50 addresses.
What's Behind This SHIB (Shiba Inu) Concentration?
So what's really going on here? Well, SHIB has come a long way from its meme coin days. With over 589 trillion tokens in total supply, having 129 trillion locked up in so few wallets definitely raises eyebrows.
The thing is, many of these big SHIB holders aren't your typical crypto whales. A lot of them are actually major exchanges like Binance and Coinbase that store users' tokens in cold wallets. Then you've got smart contracts and burn addresses tied to ShibaSwap and Shibarium. And yes, there are probably some early investors who got in big and are still holding strong.
IntoTheBlock's data doesn't tell us which addresses are exchanges versus individual holders. So we're left guessing about the real breakdown of who actually controls all these tokens.
Shiba Inu (SHIB) Price Stays Steady Despite Concentration Concerns
Despite all this concentration talk, SHIB's price has been pretty chill. At press time, it was trading at $0.00001157, up just 0.01% in the last 24 hours. The whole crypto market's been pretty quiet lately, so SHIB's stable performance isn't too surprising.
This concentration pattern isn't totally unusual in crypto - lots of tokens end up heavily concentrated in exchanges and early adopter wallets. But SHIB's level of concentration is definitely worth keeping an eye on. When so much of a token's supply sits in so few hands, it can create some wild price swings if those big holders decide to make moves.
For anyone holding SHIB or thinking about buying in, this concentration data is something to factor into your decisions. It's just another piece of the puzzle when you're trying to figure out what might happen with SHIB's price down the road.
Usman Salis
