The amount of SHIB supply in whales is becoming alarming

According to data provided by IntoTheBlock, 80% of the total supply of Shiba Inu tokens, SHIB, is concentrated in the hands of large investors. They are considered those whose asset position is more than 1% of the total supply and are called whales.

More detailed data indicates that the top 100 SHIB holders are responsible for 81.41% of the token’s supply, while the top 10 whales hold 62.72%. It is also important to state that 41.03% of the total Shiba Inu token supply is at a “dead” address for SHIB burning.

Everything is not so clear

However, according to the data, the concentration of SHIB in the hands of top 10 to top 100 investors has decreased over the past month. The number of SHIB holders has increased since the beginning of December, which may indicate that new retail investors are entering the asset.

Indirectly, the statistics of the decrease in the share of large investors in Shiba Inu tokens are confirmed by data from WhaleStats. Over the past 30 days, 100 of the largest Ethereum holders have reduced their stake in SHIB by the equivalent of $25.2 million. By comparison, the Shiba Inu token position size for this investor class exceeded $600 million by mid-summer.

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