According to recent data from Santiment, Shiba Inu (SHIB) exhibits high supply centralization. Approximately 62% of all tokens are controlled by just ten wallets, significantly exceeding the centralization levels of other popular cryptocurrencies.
Statistics on Shiba Inu's Supply Centralization
Santiment's data shows that nearly two-thirds of Shiba Inu's supplies are in the hands of the top holders. This makes SHIB the most centralized among major cryptocurrencies, surpassing assets like Ethereum and Pepe.
Risks for Retail Investors
The high concentration of supply among whales can lead to sudden price swings if they decide to liquidate their positions. Santiment notes that this creates additional risks for retail investors who may face sharp market fluctuations.
Overall State of the Crypto Market
Meanwhile, the overall sentiment in the crypto market has become more optimistic, with the Fear & Greed Index currently at 73. This may signal a potential contrarian pullback in the near future.
Thus, despite the current price increase of Shiba Inu, investors should consider the high degree of supply centralization and potential risks associated with whale management.
