Recent data reveals a significant concentration of Shiba Inu (SHIB ($0.00)) tokens among a small group of large holders. IntoTheBlock’s analysis shows that addresses holding between 100 billion and 10 trillion SHIB collectively manage 302 trillion SHIB tokens across 668,000 wallets. This concentration indicates that these large holders control a substantial portion of SHIB’s circulating supply.

Distribution of Large SHIB Holders

In the category of addresses holding 100 billion to 1 trillion SHIB, approximately 624,500 wallets currently exist. These addresses control a total of 173.03 trillion SHIB. Notably, this category has seen an increase of 1.01% over the past 30 days. This trend suggests that while fewer wallets hold this amount, the total quantity held has increased. As a result, larger holders are consolidating their positions.

Shiba Inu Holdings Distribution. Source| IntoTheBlock

Meanwhile, about 43,500 addresses hold between 1 trillion and 10 trillion SHIB. These wallets manage a total of 129.51 trillion SHIB tokens. This group also experienced growth, with a slight increase of 0.20% in the number of addresses over the same period. This growth reflects steady accumulation among top-tier stakeholders.

Changes in Address Count

Overall trends indicate a reduction in the number of addresses holding between 100 billion and 1 trillion SHIB. Specifically, this category has decreased by 1.89%, even as total holdings have increased. In contrast, the number of addresses holding between 1 trillion and 10 trillion SHIB has risen by 2.33%. This increase signals growing confidence among major investors in this higher tier.

Shifts in Overall SHIB Holdings

Beyond large holders, notable changes occur among smaller address categories as well. Addresses holding between 10 billion and 100 billion SHIB have decreased by 1.18%. Their total holdings currently stand at 58.57 trillion SHIB. Similarly, those with holdings between 1 billion and 10 billion SHIB have seen a modest increase. Their total now reaches 19.97 trillion SHIB, reflecting a rise of 1.12%.

In summary, these shifts suggest minor adjustments in medium-sized holdings while highlighting that the largest accumulations remain concentrated among wealthier investors. This trend may influence market dynamics as these significant holders continue to accumulate tokens actively.

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The post Shiba Inu: 668,000 Wallets Hold 302 Trillion SHIB – A Look at Large Holders appeared first on FXcrypto News.