80% of Total SHIB Supply Concentrated in Few Hands — What's Impact?
04/03/2025 18:55
Shiba Inu in red
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
According to data from IntoTheBlock, long-term Shiba Inu (SHIB) holders now collectively own more than 80% of the total supply. This highlights a significant level of commitment among this class of holders, despite the recent uncertainty on the market.
In a tweet, IntoTheBlock wrote, "Long-term SHIB holders collectively own more than 80% of the total supply. This indicates that even amid challenges in the memecoin market, many SHIB holders remain optimistic."
— IntoTheBlock (@intotheblock) April 2, 2025Long-term $SHIB holders collectively own more than 80% of the total supply.
This indicates that even amid challenges in the memecoin market, many $SHIB holders remain optimistic. pic.twitter.com/JTnHS2TIjq
Even as the broader crypto and meme coin markets experience volatility, the data suggests that many SHIB holders are confident about the asset's future. Long-term holders — addresses that have held SHIB for over a year — now account for 77% of all Shiba Inu addresses, reinforcing the community's strong belief.
Related
Interestingly, Shiba Inu boasts a higher percentage of long-term holders than market leaders Bitcoin and Ethereum. According to recent data, Shiba Inu has the third-highest percentage of long-term holders, trailing only Litecoin (LTC) and Chainlink.
However, Shiba Inu's "concentration by large holders," often referred to as whales, currently sits at 74%, according to IntoTheBlock data.
IntoTheBlock's "concentration by large holders" indicator aggregates the percentage of circulating supply held by whales (addresses holding more than 1% of supply) and investors (addresses holding 0.1% to 1%). At 74%, this suggests a significant share of the SHIB market is controlled by a small number of high-value wallets.
Crypto market faces uncertainty
Bitcoin and other cryptocurrencies retreated after initial gains, reflecting market uncertainty. Higher-than-usual market volatility hurt both bulls and bears, as crypto futures racked up $505 million in liquidations in the past 24 hours.
Related
According to CoinGlass data, this resulted in liquidations of more than $290 million and $215 million for bullish and bearish bets, respectively. BTC-tracked futures saw almost $176 million in long and short liquidations, followed by ETH futures at $90.62 million and other smaller altcoins at $62.22 million.
Shiba Inu traded in losses as a result, down 2.26% in the last 24 hours to $0.000012 and 17% weekly.