Nearly 129 Trillion SHIB Held by Just 45 Wallets: What Does It Mean for Shiba Inu?
Recent on-chain data from IntoTheBlock reveals a striking concentration of Shiba Inu (SHIB) tokens: 128,990,000,000,000 SHIB — nearly 129 trillion tokens — are held by just 45 wallets. This insight stems from IntoTheBlock’s ownership indicators, which provide a breakdown of crypto assets by concentration and holding periods — a kind of "capital stack" view for blockchain.
Who Are the SHIB 'Investors'?
IntoTheBlock classifies large SHIB holders into two categories:
Whales – addresses holding more than 1% of the total supply.
Investors – addresses holding between 0.1% and 1% of the circulating supply.
In Shiba Inu’s case, these 45 wallets fall under the "investors" category, collectively controlling a massive portion of the token's circulating supply. This degree of concentration in a handful of wallets naturally raises concerns about market influence and asset decentralization.
Exchanges, Contracts, or True Holders?
While this concentration might suggest a dominance of powerful individual or institutional holders, blockchain analytics reveal a more nuanced picture. Many of these top wallets are likely:
Centralized exchange wallets (e.g., Binance, Coinbase), where user funds are pooled in cold storage.
Smart contracts related to ShibaSwap, Shibarium, or other ecosystem platforms.
Burn addresses, which are inactive but still show on-chain.
A limited number of early, large individual or institutional holders.
It’s important to note that IntoTheBlock’s tool does not distinguish between standard wallet addresses, exchanges, or smart contracts — so the exact identity of these 45 "investors" remains unclear.
Market Outlook
At the time of writing, SHIB is trading at $0.00001166, up a marginal 0.01% over the last 24 hours, reflecting muted trading activity across the broader crypto market.
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