Analysis of Shiba Inu holdings highlights the significant concentration of tokens among a small number of large investors. According to figures provided by IntoTheBlock, a group of 668,000 addresses currently hold between 100 billion and 10 trillion SHIB tokens, making up a large share of the total circulating supply.
Collectively, these addresses are responsible for 302 trillion SHIB, indicating that a few key players control a substantial portion of the cryptocurrency.
Within the broader category of large SHIB holders, addresses containing between 100 billion and 1 trillion SHIB have accumulated 173.03 trillion tokens. This group has experienced a 1.01% increase in holdings over the last month, indicating continued accumulation by these investors.
Also, 43,500 addresses holding between 1 trillion and 10 trillion SHIB control 129.51 trillion tokens. This category saw a modest increase of 0.20% in holdings during the same period, showing confidence in the asset among the largest stakeholders.
Changes in Address Distribution
The overall amount of the token controlled by addresses holding 100 billion to 1 trillion tokens has grown, but the number of addresses within this group has seen a slight decline. Over the past 30 days, the count of addresses in this range dropped by 1.89%, settling at 624,500.
`This trend suggests that although fewer addresses now exist in this category, individual holdings have increased, likely due to larger investors consolidating their positions. On the other hand, addresses holding between 1 trillion and 10 trillion SHIB saw a 2.33% rise, reflecting an expansion in this top category of holders.
Smaller SHIB holders have also seen changes in their holdings. Addresses that contain between 10 billion and 100 billion SHIB recorded a decline of 1.18% in the number of holders, although they still control 58.57 trillion tokens. This decrease in the number of addresses may suggest consolidation or shifting of assets into larger holdings.
On the other hand, the number of addresses holding between 1 billion and 10 billion SHIB has slightly increased. Their combined holdings now stand at 19.97 trillion SHIB, reflecting a 1.12% rise over the last 30 days. This indicates that mid-range holders are still active, though most of the tokens remain in the hands of the largest investors.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Concentration of SHIB Among Wealthier Investors
While some fluctuation occurr in the medium-sized holding categories, the majority of the tokens remain with the largest stakeholders, who accumulate despite changes in the number of addresses. The increase in holdings by the largest groups, particularly those holding between 100 billion and 10 trillion SHIB, shows the growing concentration of the asset.
These recent shifts suggest that while smaller investors remain active, larger investors are solidifying their control over the token supply. The steady accumulation by top-tier addresses signals continued confidence in the asset from key players, even as the number of mid-sized holders fluctuates.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on Twitter, Facebook, Telegram, and Google News
