The price of Shiba Inu dropped 3.87% in 24 hours, while whales added 6.33 trillion tokens in 2024 as mid-tier holders reduced stakes.
In recent weeks, Shiba Inu (SHIB) has witnessed significant fluctuations, with its price failing to gain momentum. As of today, SHIB is trading at $0.00001526, reflecting an 18.38% drop over the past week.
Despite the downward trend, blockchain data shows that large SHIB holders, particularly whales with 10 trillion to 100 trillion tokens, have continued accumulating.
Large Shiba Inu Holders Increase Holdings
IntoTheBlock data reveals that large Shiba Inu whales added 6.33 trillion SHIB to their holdings in 2025, with 840 billion tokens acquired in February alone. Their cumulative balance now stands at 161.49 trillion SHIB.
Shiba Inu Holding
Meanwhile, mid-tier investors holding between 100 billion and 10 trillion SHIB have reduced their stakes. Holders with 100 billion to 1 trillion SHIB offloaded 3.16 trillion tokens, while those with 1 trillion to 10 trillion SHIB sold 2.05 trillion tokens.
This shift suggests that mid-sized investors may be securing profits, cutting losses, or reallocating funds elsewhere.
Retail investors have shown mixed activity. Addresses holding between 0 and 1 million SHIB slightly increased, adding 4.34 billion tokens. However, other small retail categories, such as 10 million to 100 million SHIB and 100 million to 1 billion SHIB, experienced minor declines.
Token Distribution and Market Influence
Further data from Santiment highlights concerns over the concentration of SHIB’s supply. The top 10 largest wallets currently hold 61.3% of the total supply. This high concentration level can lead to increased market volatility, as large holders can influence price movements by accumulating or selling large quantities of SHIB.
However, a deeper analysis suggests that the situation may not be as alarming as it appears. Despite concerns, the largest whale category, consisting of addresses holding over 100 trillion SHIB, has remained stable at 410.43 trillion tokens.
SHIB Distribution with Other Cryptos
Santiment compared SHIB’s token concentration with other major cryptocurrencies, noting that Ethereum’s top 10 wallets hold 46.1% of its supply. Meanwhile, Chainlink and Toncoin have a more decentralized distribution, with their top 10 wallets holding 33.1% and 32.8%, respectively.
According to the firm, lower concentration levels contribute to price stability, as they reduce the likelihood of single entities controlling significant portions of supply. A more decentralized distribution structure generally builds investor confidence by minimizing risks associated with price manipulation and sudden market shifts.
