$SHIB $SHIB
Shiba Inu Whale Dominance: 6 Wallets Control 585 Trillion SHIB Tokens
In a striking development within the cryptocurrency market, six wallets now hold a staggering 585 trillion Shiba Inu (SHIB) tokens, accounting for over 58% of the total supply. This concentration of ownership has raised concerns about market stability and the potential for significant price volatility.
According to recent data, five of these wallets alone control approximately 565 trillion SHIB tokens, representing 57% of the entire supply. Notably, one high-activity wallet holds 41.7% of the total supply, which is believed to be a "dead-end address," possibly a burn wallet.
The top 10 wallets collectively hold 61.3% of SHIB's total supply, highlighting a significant concentration compared to other major cryptocurrencies. For instance, the top 10 wallets in Chainlink (LINK) hold 33.1% of its supply, while Ethereum (ETH) has a concentration of 46.1% among its top 10 wallets.
This level of concentration implies that a small number of holders have substantial influence over SHIB's market dynamics. Large-scale movements by these whales can lead to significant price fluctuations, posing risks for retail investors.
Despite these concerns, whale activity has shown signs of accumulation. In 2025, large SHIB whales, defined as those holding between 10 trillion to 100 trillion SHIB, have added 6.33 trillion tokens to their holdings. Conversely, mid-tier investors have been reducing their stakes, with a notable sell-off of 3.16 trillion SHIB during the same period.
The implications of such concentrated holdings are multifaceted. While whale accumulation can signal confidence in the asset, it also introduces the risk of market manipulation. Sudden large-scale sell-offs by these major holders could lead to sharp price declines, affecting the broader investor base.
