Shiba Inu (SHIB) exhibits a rare on-chain metric in terms of exact token distribution between retail and whale holders respectively.
Shiba Inu Whales Win the Day
Crypto Data from analytics platform IntoTheBlock (ITB) shows that the current SHIB circulating supply belongs to 63.48% of market whales. Of the 12 largest whale owners, one address stands out as it controls 41.78% of the total, or 410.36 trillion Shiba Inu.
SHIB whale owners face huge sell-off from retail owners and investors meme coinIt plays a very important role in helping the body maintain its balance. ITB data also reveals that 22.31% or 219.16 trillion SHIB in circulation is controlled by retail holders, while 14.2% or 139.5 trillion SHIB is held by active investors.
The SHIB distribution underscores the store of wealth within the meme coin ecosystem’s attempt to document its trend towards decentralization. As well as being the largest wallet accounting for 41% of the total circulating supply, SHIB’s distribution is unquestionably widespread.
Koinfinans.com As we reported, ITB data also shows the consistency of whale support for SHIB. Because in the last 30 days, there has only been an increase in the concentration of this investor class. Compared to the 1.59% increase in total savings during this time period, retail savings decreased by 1.09%, while investor savings decreased to 4.98% at the time of writing.
The current situation of SHIB token holders has placed the price of the meme coin in an overall consolidation position. At the time of writing, Shiba Inu is trading at $0.000007019, down 0.40% in the last 24 hours.
This reversal is mild considering the recent decline of most altcoins. Shiba Inu remains on a positive pedestal based on current trading volume, which is up 38.52% with a total SHIB of $98,728,338 traded overnight according to on-chain data.
Shiba Inu remains a highly attractive token with its low cost and the positivity surrounding Shibarium, a Layer-2 scaling solution.