🐶 Shiba Inu ($SHIB ) Whale Dominance Hits 74% – What It Means for the Market

📊 Key Insights

Whale Control: 74% of $SHIB supply is now held by large holders ("whales"), per IntoTheBlock.These are wallets holding 1%+ of total supply or consistently large amounts.Some could be exchanges or smart contracts, but high concentration usually signals big-money conviction.

⚠️ Implications

Bullish Sign? Whales accumulating may signal they expect a price rise.

Bearish Risk: Such centralization makes the market vulnerable to sudden dumps if whales sell.

🚨 Takeaway for Traders

$SHIB has dropped ~10% in the past week, sparking bearish sentiment and short selling.

But retail traders should stay alert: high whale dominance = high risk of manipulation or volatility.

If SHIB recovers, short sellers may get liquidated, triggering a rapid upward spike.