Shiba Inu’s Largest Wallet Holds Over 40% of Supply, Raising Questions About Market Influence
2025-07-15 22:46:43
Main Idea
Shiba Inu's largest wallet holds 41% of the circulating supply, raising concerns about market control and decentralization in the SHIB ecosystem.
Key Points
1. A single wallet holds 410 trillion SHIB tokens, representing 41.04% of the total circulating supply, valued at over $5.4 billion as of early July 2024.
2. The dominance of this whale raises questions about market stability and decentralization, as its actions could significantly impact SHIB's price and liquidity.
3. The identity of the whale remains undisclosed, with speculation ranging from early investors to centralized exchanges holding tokens for users.
4. On-chain data platforms like IntoTheBlock provide insights into wallet risks and market sentiment, helping monitor SHIB's market health.
5. Investors are advised to remain cautious due to the potential influence of the whale's holdings on SHIB's market dynamics.
Description
Shiba Inu’s on-chain dynamics reveal a striking concentration of tokens within a single wallet, underscoring the influence of large holders on the token’s market behavior. Despite its modest price compared
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