Shiba Inu (SHIB) exhibits significantly higher wallet concentration than Ethereum and rival meme token Pepe, raising concerns about centralization vulnerabilities.
The top 10 Shiba Inu wallets collectively control a substantial portion of the token supply, creating stark contrast with Ethereum’s distributed ownership structure. This concentration introduces governance challenges and heightens susceptibility to market manipulation.
SHIB’s price volatility exceeds that of Pepe, partially attributable to trading patterns of large holders (‘whales’) who can disproportionately impact token valuations through coordinated transactions.
Community scrutiny targets development delays in Shibarium, Shiba Inu’s Layer-2 scaling solution. Critics cite slower-than-expected progress as a potential threat to the project’s competitiveness and long-term viability.
Regulatory implications may emerge from historical parallels with Dogecoin and other tokens exhibiting similar concentration patterns. Comparable projects have faced intensified regulatory examinations regarding market fairness and investor protection.