Shiba Inu (
#SHIB ) Faces Centralization Risks as Whales Dominate Market; $0.000015 Resistance Remains Key
Shiba Inu (SHIB) Under Scrutiny as Top Wallets Control Majority of Supply
Cryptocurrency analytics firm Santiment has recently flagged Shiba Inu (SHIB) as highly centralized, raising concerns about the token’s market dynamics and potential vulnerability to large holders. According to the latest on-chain data, the top ten SHIB wallets control an astounding 62% of the total 560 trillion tokens in circulation. This translates to roughly 347 trillion
$SHIB held by just a handful of investors, giving these “whales” significant influence over price movements.
Market observers have long warned that high centralization in any cryptocurrency can lead to heightened volatility, as concentrated holdings enable a small number of actors to sway market sentiment. For SHIB, this means that whale behavior could be a decisive factor in any major price action.
#Whale #Accumulation #Signals Potential Market Moves
The concentration of SHIB in large wallets has not gone unnoticed by analysts. Santiment data indicates that top SHIB whale cohorts have been increasing their holdings since late July, when the coin last approached the $0.000015 resistance level.
In particular, the largest cohort holding over 1 billion SHIB tokens has added nearly 1 trillion SHIB just this month, signaling strong accumulation among institutional-grade holders. Historically, this type of “smart money” accumulation often occurs during periods of market fear, when smaller retail investors are more likely to panic sell.
“When whales buy into fear, it typically signals a local bottom,” explained a cryptocurrency strategist. “Weaker hands get shaken out while large holders load up for potential upside moves.”
Despite this, SHIB has struggled to surpass the $0.000015 resistance ceiling, resulting in a 20% pullback from the previous high...
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