Recent analysis from IntoTheBlock revealed that 128.99 trillion Shiba Inu (SHIB) tokens are concentrated in just 45 wallets. This information raises concerns about asset concentration in the cryptocurrency space.
Overview of the Current Situation
According to the data, over 128 trillion SHIB tokens are owned by 45 addresses. This information is provided in the ownership indicators from IntoTheBlock, which demonstrate the economic model of the asset based on concentration and holding period.
Categories of Shiba Inu Holders
IntoTheBlock classifies large Shiba Inu holders into two categories: whales and investors. Investors refer to addresses that hold 0.1% to 1% of the cryptocurrency's total supply. In the case of Shiba Inu, 128.99 trillion tokens are concentrated among 45 addresses that fall into the investor category.
Questions About Holder Structure
The concentration of assets raises questions about whether these addresses are associated with exchange accounts, custodians, or individual investors. According to blockchain analysts, many of the top SHIB holders include centralized exchanges like Binance and Coinbase, which often pool users' tokens in cold wallets. However, the exact makeup of the Shiba Inu investor class remains unexamined.
Thus, the high concentration of SHIB tokens in the hands of a small group of addresses raises questions about the market and potential trends among holders, which is crucial to consider when analyzing the dynamics of this cryptocurrency.
