• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Centralization of Shiba Inu: 62% of Tokens Held by Ten Wallets

Centralization of Shiba Inu: 62% of Tokens Held by Ten Wallets

user avatar

by Giorgi Kostiuk

a month ago


Recent data show that 62% of Shiba Inu's total supply is held by just ten wallets, raising concerns about volatility and market manipulation.

Dominance of Shiba Inu Wallets

The top ten wallets for Shiba Inu control 62% of the total token supply, compared to 46% for Ethereum. This level of centralization is unusual among major cryptocurrencies. The anonymity of Shiba Inu’s founders remains intact, and no official comments have been made regarding this centralization.

Concerns Over Price Manipulation

Market analysts warn of the elevated threat of price manipulation due to centralized holdings. The market is concerned, yet leadership communication is lacking. Price volatility is expected as whale movements could significantly influence the market.

Historical Trends and Volatility Risks

Historically, whale-dominated assets have experienced significant price fluctuations. Similar situations in the early crypto markets illustrated the fragility of such ecosystems. 'Such centralization increases tail risks and price shock potential,' states an analyst from Santiment.

The centralization of Shiba Inu's tokens poses risks of volatility and market manipulation, raising real concerns among the cryptocurrency community.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Robinhood, Meta, and Microsoft Beat Analyst Expectations in Q2 2025 Earnings Reports

chest

Robinhood, Meta, and Microsoft reported better-than-expected earnings with strong growth in key metrics. Their stocks reacted with gains.

user avatarGiorgi Kostiuk

Reduction of Trade Tariffs Between US and South Korea from 25% to 15%: What It Means?

chest

The agreement to reduce trade tariffs between the US and South Korea to 15% is linked to a $350 billion investment from South Korea.

user avatarGiorgi Kostiuk

FedWatch Data: What Changes Are Awaiting the Crypto Market?

chest

Data suggests a hold on interest rates, which may impact Bitcoin and Ethereum prices.

user avatarGiorgi Kostiuk

Trump Enacts 50% Tariffs on Copper and Brazilian Goods: Economic Implications

chest

President Trump signs an executive order imposing a 50% tariff on copper and Brazilian imports effective August 1, 2025, affecting U.S. economy and production costs.

user avatarGiorgi Kostiuk

New U.S. Crypto Policy: 5 Steps Towards Leadership

chest

The White House announced a 5-point roadmap highlighting U.S. leadership in digital assets.

user avatarGiorgi Kostiuk

Figma Plans IPO Valued at $19 Billion

chest

Figma is set for its initial public offering, valuing the company at $19 billion despite market volatility.

user avatarGiorgi Kostiuk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.