Shiba Inu Holders Breakdown: Here’s How Many Whales Control 95% of the Supply
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Shiba Inu has nearly 1.7 million holders but fewer than 1,000 wallets control the bulk of the token supply, a concentration that raises centralization and market risk. The token has suffered a major price decline over several months, and although some analysts cite adoption and on-chain indicators that could support a rebound, the supply concentration and recent performance make the near-term outlook uncertain.
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The most recent data show that the self-proclaimed Dogecoin killer has almost 1.7 million holders. However, less than 1,000 wallets own the vast majority of the supply: a concentration hard to ignore and which raises eyebrows.
Shiba Inu’s price has been in a major decline over the past several months, yet some analysts believe a rebound could be on the way while certain factors support their bullish outlook.
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Coins
$ 0.0694
-4.20%$ 0.00...412
-2.87%Predictions Markets
See what traders are focused on
Share:
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