The Shiba Inu (SHIB) has witnessed impeccable growth over the years. Yet, the asset’s price remains fairly low compared to assets like Bitcoin (BTC), Ethereum (ETH), and others. At press time, the meme coin was trading at $0.00001616, following a 3% drop over the past 24 hours. This dainty price has led to investors accumulating the asset in bulk.
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Distribution Of Shiba Inu Among Largest Wallets
Largest Wallets Holding Between 1 Trillion And 10 Trillion SHIB
The largest wallets of Shiba Inu are addresses that hold between 1 trillion and 10 trillion SHIB. There are 43,500 addresses in this category. These wallets collectively control 129.51 trillion SHIB.
Wallets Holding Between 100 Billion To 1 Trillion SHIB
The next category is between 100 billion to 1 trillion SHIB. With over 668,000 addresses, these addresses together own a sizable chunk of the token’s circulating supply, according to statistics from IntoTheBlock. Now, 302 trillion SHIB tokens are under these wallets. In addition, most Shiba Inu is held in just 668,000 wallets.
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Addresses owning 100 billion to 1 trillion SHIB tokens presently control 173.03 trillion SHIB. This indicates that these holders are still adding tokens, as evidenced by the noteworthy increase of 1.01% over the previous 30 days.
Is It Important To Look Into Shiba Inu’s Top Holders?
According to data published on Etherscan, the top 100 SHIB holders collectively own 79.09% of the token’s total circulating supply. In addition, over 59% of the token’s total circulating supply is owned by the top 10 SHIB holders. Further highlighting the importance of this data, Ryan Lee of Bitget Research said,
“Identifying these major holders provides investors with insights into potential market manipulation or influence that could affect the token’s price and stability. Investors often track whale activities to guide their investment decisions.”
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