Shiba Inu Holders Breakdown: Here’s How Many Whales Control 95% of the Supply

The most recent data show that the self-proclaimed Dogecoin killer has almost 1.7 million holders. However, less than 1,000 wallets own the vast majority of the supply: a concentration hard to ignore and which raises eyebrows.

Shiba Inu’s price has been in a major decline over the past several months, yet some analysts believe a rebound could be on the way while certain factors support their bullish outlook.

How Many Whales and Shrimps?

Earlier this month, the total number of SHIB addresses reached an all-time high of 1,676,535 after a sudden one-day increase of 75,000 new holders. The figure kept climbing and currently stands at 1,678,502.

According to Etherscan, nearly a million of those are investors known as shrimps: wallets holding up to $10 worth of the meme coin. The second-largest group is crabs (477,871), who own between $10 and $100 in SHIB. Coming up next are fish, dolphins, and sharks.

Interestingly enough, there are only 703 whales (addresses that hold more than $100K worth of the token each). They make up only 0.04% of the total figure but control staggering 94.5% of Shiba Inu’s supply.

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