#SHIV
129 Trillion SHIB Held by 45 Wallets - What's Happening?
A staggering 129 trillion Shiba Inu tokens are held by just 45 wallets, sparking curiosity about the distribution of SHIB's supply. These wallets are classified as "investors," holding between 0.1% and 1% of SHIB's total circulating supply.
Key Points:
- *Concentration of Supply:* 45 wallets hold nearly 129 trillion SHIB tokens, raising questions about supply control and potential market impact.
- *Unknown Holders:* The exact owners of these wallets are unclear, but possible holders include ¹ ²:
- *Crypto Exchanges:* Like Binance and Coinbase, which hold user funds in large wallets.
- *Smart Contracts:* Tied to SHIB platforms like ShibaSwap and Shibarium.
- *Burn Addresses:* Wallets that can't spend tokens, used for burning SHIB.
- *Early Buyers or Institutions:* Who purchased large amounts of SHIB early on.
- *Market Impact:* With over 20% of SHIB's total supply concentrated in just 45 addresses, this could influence market dynamics and price volatility.
SHIB Price Update:
- *Current Price:* $0.00001158
- *24-hour Change:* -0.35%
- *Weekly Change:* -8.31%
- *Trading Volume:* $127.4 million, indicating active interest despite the short-term decline ¹.
