Shiba Inu (SHIB) is drawing renewed attention after recent data revealed that whale concentration has reached 74%, according to IntoTheBlock. This means nearly three-quarters of the token’s supply is now held by large investors — a development that could significantly impact SHIB’s market dynamics.
Whales Signal Confidence — But at What Cost?
A whale is typically defined as an address holding at least 1% of the total supply or maintaining large balances over time. While increased whale concentration often signals institutional confidence, it also introduces centralization risk, where a few holders control majority influence over price movements.
“The 74% figure shows serious money is betting on Shiba Inu’s long-term potential, likely tied to growing use cases like Shibarium,” one analyst notes.
Retail vs. Institutional Trends
Interestingly, this shift in whale dominance is happening alongside a rise in SHIB hodlers — long-term investors who have held the token for over a year, now accounting for 79% of all holders. This suggests a maturing investor base, potentially driven by ecosystem developments such as:
- Shibarium: A layer-2 scaling solution for faster, cheaper transactions
- DeFi and NFT integrations in the Shiba Inu ecosystem
- Partnerships and branding momentum on social platforms
However, IntoTheBlock data doesn’t differentiate between whales, centralized exchanges, and smart contracts. Some of the holdings may belong to CEX wallets or staking pools, skewing decentralization optics.
Price Action: Will SHIB Break Out or Slide?
SHIB is currently trading in a tight range near $0.00001405, after bouncing from a weekly low of $0.00001299. Key levels to watch:
- Resistance: $0.00001427 (Daily SMA 200)
- Support: $0.00001265 (Daily SMA 50)
A decisive move above $0.00001427 could set SHIB up for a short-term breakout. But failure to hold $0.00001265 might lead to further downside.
Conclusion: Whale Watch Intensifies
The growing concentration of whales in SHIB presents a double-edged sword — it may reflect strong conviction but also increases volatility risk if large holders exit. For now, technical indicators and long-term holder growth suggest cautious optimism.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.