- 63.48 percent of all SHIB in circulation is now held by the largest investors in the market.
- The biggest wallet holds as much as 41% of the overall circulating supply.
Shiba Inu is showing a unique on-chain metric in terms of holdings of its tokens between retail and whale investors. According to statistics compiled by IntoTheBlock (ITB), a cryptocurrency analytics website, 63.48 percent of all SHIB in circulation is held by the largest investors in the market.
One address in particular stands out among the 12 biggest whale holders. As it is accountable for as much as 41.78%, or 410.36 trillion SHIB. When there are sudden and large sales from retail holders and investors, the SHIB whale holders play a crucial role in keeping its value stable. According to ITB statistics, 14.2 percent, or 139.5 trillion SHIB, is owned by active investors. While 22.31%, or 219.16 trillion SHIB, is held by retail holders.
Rising Whale Dominance
In addition to the biggest wallet, which holds as much as 41% of the overall circulating supply, SHIB seems to be dispersed throughout.
Since only whale investors have experienced a rise in concentration over the previous 30 days. ITB data further demonstrates the stability of whale support for SHIB. Total accumulation increased by 1.59% over this time period. However retail accumulation fell by 1.09% and investor piling plunged as high as 4.98%.
Over the course of the weekend, the pace at which Shiba Inu tokens have been streaming into the wallets of big holders increased by an astounding 2,300%. Thus, reaching a total of more than 4.52 trillion SHIB tokens.
Highlighted Crypto News Today:
